Shares of Chinese developer Modern Land (China) fell to an all-time low in Hong Kong following the resumption of trading after an 81-day suspension.The Beijing-based property firm, which defaulted on a US dollar bond in October, said in an exchange filing on Monday that it was in talks with bondholders on a restructuring plan after receiving notices from some investors demanding early repayment of their senior notes.The shares sank nearly 40 per cent to HK$0.23 at the midday break, from its…
Source : South China Morning Post
Read more…No end in sight to Modern Land’s woes while shares sink to record low as trading resumes after 81-day suspension
