Guangzhou R&F Properties (HKG:2777) said it has signed an amendment agreement to revise the terms of its restructuring support agreement (RSA) covering its offshore debt, according to a Tuesday Hong Kong bourse filing.
The revised plan introduces a new option allowing creditors to receive newly issued shares of the company priced at HK$7.50 each, alongside other existing options such as cash or new senior notes.
Creditors will also be eligible for a consent fee in cash or notes if they accede to the amended RSA by Nov. 14.
The company said the amendments reflect feedback from key creditors and aim to provide greater flexibility, improved liquidity, and potential upside participation in R&F's recovery.
R&F added that its Malaysia flagship project, R&F Princess Cove in Johor Bahru, is expected to generate between $400 million and $460 million in cumulative cash flow from Phases 2 and 3 through 2030, assuming normal development progress.