Modern Land (China) Co., Ltd. (HK:1107) has released an update.
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Modern Land (China) Co., Ltd. has announced a default on its senior notes due to liquidity issues stemming from the challenging real estate environment in China. The company’s shares have been suspended from trading since April 2024, and it advises investors to exercise caution. Despite these challenges, Modern Land is committed to keeping stakeholders informed of any new developments.
For further insights into HK:1107 stock, check out TipRanks’ Stock Analysis page.