{"id":21449,"date":"2021-09-20T16:31:09","date_gmt":"2021-09-20T16:31:09","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=21449"},"modified":"2021-09-20T16:31:09","modified_gmt":"2021-09-20T16:31:09","slug":"guangzhou-rf-sells-assets-to-country-garden-for-10-billion-yuan-cash-ditching-units-ipo-plan-as-funding-crunch-bites","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=21449","title":{"rendered":"Guangzhou R&amp;F sells assets to Country Garden for 10 billion yuan cash, ditching unit\u2019s IPO plan as funding crunch bites"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostGuangzhou R&amp;F Properties\u2019 services unit has decided to sell three assets that form that core of a potential Hong Kong stock offer to a competitor for cash, seeking a bailout as the Chinese central bank\u2019s crackdown on debt ceilings since August 2020 is starving companies of much-needed cash.Country Garden Services Holdings, a unit of one of China\u2019s largest property developers Country Garden Holdings, said it would pay 10 billion yuan (US$1.6 billion) to R&amp;F Properties Services for three\u2026<a href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3149483\/guangzhou-rf-sells-assets-country-garden-10-billion-yuan-cash?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostGuangzhou R&amp;F Properties\u2019 services unit has decided to sell three assets that form that core of a potential Hong Kong stock offer to a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":21450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/21449"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21449"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/21449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/21450"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21449"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}