Understanding the Market | R&F PROPERTIES once fell more than 10% and received a warning letter from the Guangdong Securities Regulatory Bureau for failing to timely disclose multiple interest-bearing debts and other matters

R&F PROPERTIES once fell over 10%, and as of the time of writing, it has dropped 7.26%, trading at HKD 1.66, with a transaction volume of HKD 47.1667 million. In terms of news, R&F PROPERTIES announced that the company recently received a notice from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Guangdong Securities Regulatory Bureau") regarding the decision to issue warning letters to Guangzhou R&F Properties Co., Ltd., Li Silian, Zhang Li, and Hu Jie ((2024) No. 192). Due to the company's failure to timely disclose multiple significant matters such as interest-bearing debts, overdue commercial bills, and being listed as a dishonest executor, the Guangdong Securities Regulatory Bureau decided to take administrative regulatory measures by issuing warning letters to the company, Li Silian, Zhang Li, and Hu Jie. R&F PROPERTIES previously announced that the total sales revenue for October 2024 was approximately RMB 1.26 billion, an increase of 12.5% year-on-year, with a sales area of approximately 101,000 square meters. Cumulatively, by the end of October 2024, the total sales revenue was approximately RMB 9.19 billion, a year-on-year decrease of 48.46%, with a sales area of approximately 702,400 square meters