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Guangzhou R&F Properties Co., Ltd. (GZUHF)
- Reuters
China's Guangzhou R&F co-chief accused of bribery in U.S., London court hears
LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd is wanted in the United States, accused of paying kickbacks to obtain permits for a construction project in San Francisco, a court in London heard on Monday. Zhang Li, who co-founded Hong Kong-listed R&F, is wanted on a provisional warrant issued in the Northern District of California that accuses him of participating in a scheme to bribe public officials between 2015 and 2020. Ben Lloyd, representing U.S. prosecutors, said the scheme involved the payment of bribes to officials in San Francisco for the benefit of R&F's U.S. affiliate, Z&L Properties Inc.
- The Telegraph
Chinese developer sells another Nine Elms project for £187m loss
A Chinese developer behind the flagship Nine Elms regeneration has sold its 50pc stake in one of the biggest projects in the area for a massive loss following disappointing demand from residents.
