October 19, 2017 11:50 AM ET

Real Estate Management and Development

Company Overview of R&F Properties (HK) Company Limited

Company Overview

R&F Properties (HK) Company Limited was incorporated in 2005 and is based in Hong Kong. The company operates as a subsidiary of Guangzhou R&F Properties Co., Ltd.

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Hong Kong

Founded in 2005

Key Executives for R&F Properties (HK) Company Limited

R&F Properties (HK) Company Limited does not have any Key Executives recorded.

R&F Properties (HK) Company Limited Key Developments

R&F Properties (HK) Company Limited Enters into Joint Venture Agreement with Caesars Korea Holding Company, LLC

On 5 December 2016, R&F Properties (HK) Company Limited (R&F(HK)), entered into the agreement with Caesars Korea Holding Company, LLC in relation to the formation of a joint venture (JV Company) to develop, own and operate an integrated resort in Asia to be located within Yeongjong Island, Incheon, the Republic of Korea (Integrated Resort). Upon completion of the initial closing, each of R&F (HK) and Caesars will have a 50% interest in the JV Company which will in turn acquire the Project Company for the development, construction and operation of the Integrated Resort. The agreement contemplates an initial equity contribution by each of R&F (HK) and Caesars to the JV Company in the amount of USD 30,500,000 (in cash or other property), subject to the fulfillment of certain conditions. Upon completion of the initial closing, each of R&F (HK) and Caesars will hold a 50% interest in the JV Company, and the JV Company will in turn acquire the Project Company from its current shareholders which are third parties not connected with the company. The agreement contemplates potential further equity contributions by each of R&F (HK) and Caesars in the amount of up to USD 110,000,000 in cash. These further equity contributions would be made in four tranches. Each tranche would be subject to further conditions, including certain necessary changes in the gaming licensing laws regarding credit rating requirements of the parties and the parties' reaching mutual agreement on certain governance terms and the terms under which R&F (HK) and Caesars or their respective related entities would provide certain services to the Project Company.

R&F Properties Announces Sales Results for the Month of April 2016

R&F Properties announced sales results for the month of April 2016. For the month, the company recorded contracted sales income of CNY 5.31 billion and contracted sales volume of 446,600 square meters in April, up 36% and 31% year on year.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2017
LOCZ Holdings Pte. Ltd.
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