R&F Properties (02777) rose over 3%. As of the time of writing, the stock was up 1.96%, trading at HK$0.52, with a turnover of HK$1.2176 million.

On January 14, R&F Properties announced that the company is currently focusing all efforts on daily operational management and continues to use market-oriented methods to resolve the company's risk predicament. During this period, the company will maintain communication with holders of the current targeted debt financing instruments, actively respond to their relevant demands, and will actively strive to raise funds for debt repayment through various channels to protect the rights and interests of holders and seek to reach a disposal plan acceptable to them as soon as possible.

Regarding the offshore debt restructuring, approximately 77% of the scheme creditors have agreed to or indicated their intention to join the restructuring support agreement.

For the onshore corporate bond restructuring, one bond with an outstanding principal balance of approximately RMB 1.68 billion has passed its restructuring plan.

As of the date of this announcement, the offshore restructuring is still ongoing. The company will issue further announcements in due course to inform its shareholders and other investors of any significant progress regarding the offshore restructuring.