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Modern Land (China) Co., Ltd. ( (HK:1107) ) has issued an announcement.
Modern Land (China) Co., Ltd. announced the fulfillment of resumption guidance requirements, allowing the resumption of trading on the Hong Kong Stock Exchange. The company published all outstanding financial results, overcoming delays caused by a change in auditors and complex audit challenges. Despite these efforts, the auditor BDO Limited issued a disclaimer of opinion due to uncertainties about the company’s going concern status and limitations in auditing certain subsidiaries. This development marks a significant step for Modern Land in addressing its financial reporting obligations, although concerns about its financial health remain.
More about Modern Land (China) Co., Ltd.
Modern Land (China) Co., Ltd. operates in the real estate industry, focusing on property development and management in China. The company is involved in the construction and sale of residential and commercial properties, catering to the growing demand for urban housing and commercial spaces in the region.
Technical Sentiment Signal: Sell
Current Market Cap: HK$58.69M
Find detailed analytics on 1107 stock on TipRanks’ Stock Analysis page.