DaFa Properties taps Guotai Junan as adviser to explore restructuring

By Mary Katherine Stinson

Lexington, Ky., Jan. 11 – China’s DaFa Properties Group Ltd. appointed Guotai Junan International as a financial adviser to explore a “holistic solution” to its offshore debt situation, according to a notice.

The company also reported that trading of the company’s share will remain suspended effective April 3, 2023 and according to additional guidance it received on June 19, 2023 and Aug. 1.

DaFa is a real estate developer based in Shanghai.

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