Chinese property firms have been hit by debt problems and falling home sales. Photo: Bloomberg
Chinese property firms have been hit by debt problems and falling home sales. Photo: Bloomberg

No end in sight to Modern Land’s woes while shares sink to record low as trading resumes after 81-day suspension

  • Stock plummets 40 per cent to HK$0.23, from its previous close of HK$0.45 on October 21
  • Modern Land also said that it has received notices from some bondholders seeking early repayment of their debt

Chinese property firms have been hit by debt problems and falling home sales. Photo: Bloomberg
Chinese property firms have been hit by debt problems and falling home sales. Photo: Bloomberg
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