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

Topic |   China property
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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