R&F PROPERTIES: Appoints Chan Leung Lee and Yuen Tsz Chun as the guarantors' agents to establish the guaranteed assets for the financing agreement as joint and several custodians
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R&F PROPERTIES announced that Chan Leung Lee and Yuen Tsz Chun have been appointed as the guarantors for the financing agreement to establish guaranteed assets. This appointment involves the equity and assets of Mega Wisdom, R&F Hong Kong, and Royal Elite Limited. The company is studying solutions to safeguard the interests of stakeholders and is communicating with overseas creditors on restructuring proposals
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