Modern Land (China) Co., Ltd. (HK:1107) has released an update.
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Modern Land (China) Co., Ltd. has entered into Set-Off Agreements with First Service to settle outstanding payables through property transfers. This transaction involves a significant sum of RMB8,933,161.40 and is considered a discloseable and connected transaction under Hong Kong’s Listing Rules. Investors should note the involvement of key company figures, Mr. Zhang Peng and Mr. Zhang Lei, in the agreements.
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