No Data
Modern Land (China) Aims to Resume Trading
MODERN LAND (01107.HK) has received additional resumption guidance from the Stock Exchange.
Gelonghui, January 3 | MODERN LAND (01107.HK) announced that, in addition to the resumption guidance provided by the Stock Exchange on June 20, 2024, as stated in the announcement dated June 27, 2024 ("Preliminary Resumption Guidance"), the company received a letter from the Stock Exchange on January 2, 2025, through which the Stock Exchange provided additional resumption guidance (see section (d) below) ("Additional Resumption Guidance", collectively with Preliminary Resumption Guidance referred to as "Resumption Guidance"). The details of the Resumption Guidance are as follows: (a) publish all outstanding financial results and address any audit revisions; (b) demonstrate that the company has complied with the listing rules.
Modern Land Faces Default Amid Market Challenges
MODERN LAND (01107.HK): The outstanding principal amounts of the new notes for 2023 and the notes for 2024 are 89.5216 million USD and 0.206 billion USD, respectively.
Gelonghui, December 30丨MODERN LAND (01107.HK) hereby provides the latest information regarding the 7.0%/9.0% new notes due December 28, 2024, the 8.0%/10.0% notes due December 30, 2024, the 9.0%/11.0% notes due in 2025, the 9.0%/11.0% notes due in 2026, and the 9.0%/11.0% notes due in 2027. This is in accordance with the regulations of the 2023 new notes and 2024 notes.
MODERN LAND (01107): The repayment arrangements for the preferred notes have not been achieved by the respective due dates.
MODERN LAND (01107) announced that the company hereby provides information regarding the 7.0... due on December 28, 2024.
FIRST SERVICE (02107.HK) has entered into an offset agreement with MODERN LAND Group.
On December 23, 2023, FIRST SERVICE (02107.HK) announced that on December 23, 2024, the group signed offset agreements with MODERN LAND Group, whereby the members of the group agreed to settle the unpaid receivables owed to them by members of MODERN LAND Group mainly through the transfer of such properties. MODERN LAND had previously been able to fulfill its payment obligations according to the terms of the relevant individual agreements. However, starting in 2024, the receivables began to experience delayed settlements, which the group understands is mainly due to various adverse factors such as the macroeconomic environment, the environment in the Real Estate Industry, and the COVID-19 pandemic.
Shareholders May Be A Bit More Conservative With Modern Land (China) Co., Limited's (HKG:1107) CEO Compensation For Now
No Data
