AF Global Limited Faces Challenges in Xuzhou Investment Liquidation
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AF Global Limited is encountering difficulties in liquidating its joint venture investment in Xuzhou, China, with multiple auction attempts failing to attract bids. The company is contemplating further auctions at increased discounts, which could affect the recoverability of the investment valued at $35,855,000 as of June 2025. The Board is committed to exploring options to enhance capital efficiency within its portfolio. AF Global Limited, based in Singapore, focuses on real estate asset and investment management.
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