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Modern Land Faces Financial Reporting Delays Amid Challenging Market Conditions

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Modern Land Faces Financial Reporting Delays Amid Challenging Market Conditions

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Modern Land (China) Co., Ltd. ( (HK:1107) ) has issued an update.

Modern Land (China) Co., Ltd. has announced delays in the publication of its financial results for the years ending December 2023 and 2024, as well as the interim results for the first half of 2024, due to ongoing audits. Despite these delays and challenging market conditions in the Chinese real estate sector, the company continues its operations and remains focused on timely project delivery and maintaining core operations. The company is committed to keeping stakeholders informed about material developments through periodic announcements.

More about Modern Land (China) Co., Ltd.

Modern Land (China) Co., Ltd. is a property developer in the People’s Republic of China, specializing in green, energy-saving, and eco-friendly residential developments. The company operates in a single segment that includes property sales, investment, hotel operations, real estate agency services, and other services.

Technical Sentiment Signal: Sell

Current Market Cap: HK$58.69M

Learn more about 1107 stock on TipRanks’ Stock Analysis page.

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