Distressed Chinese developer Guangzhou R&F Properties said it plans to sell a development project in London for 1 Hong Kong dollar ($13 cents) in an attempt to trim its $800 million in debt.
Caixin
Embattled China developer R&F offloads London project for debt relief
HK$13.3 bn luxury apartment complex to be sold for $HK1
R&F has been mired in a debt crisis during China's prolonged property market rout.
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