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.
Express News | MODERN LAND: Member companies have entered into an offset agreement with the first service member company.
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.
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
Contemporary China (01107.HK) delays mid-term performance until 2024.
Contemporary China (01107.HK) announced that due to the pending publication and distribution of the financial performance and annual report of the 2023 fiscal year, the interim performance as of June 2024 cannot be published. The company stated that it will announce the progress of the aforementioned report as soon as appropriate. The trading of the company's shares will continue to be suspended until further notice.
MODERN LAND: DELAY IN PUBLICATION OF INTERIM RESULTS AND DESPATCH OFINTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2024 ANDCONTINUED SUSPENSION OF TRADING
Modern Land Clarifies Securities Offering Stance
Express News | Modern land: unable to determine the time of expected publication of the 2023 annual performance.
Modern Land (01107.HK) has received resumption guidance from the Hong Kong Stock Exchange.
On June 27th, GeLongHui reported that Modern Land (01107.HK) received a letter from the Stock Exchange on June 20, 2024, which details the following guidelines for resuming trading of company shares ("resumption guidelines"): (a) publish all financial performance that has not been published and handle any audit revisions; (b) prove that the company has complied with Rule 13.24 of the listing rules; and (c) disclose all significant information for the company's shareholders and other investors to assess the company's condition. In addition, after changing its auditor in April 2024, the company's new auditor, Ernst & Young, has launched its 2023 audit.
Express News | USD bond anomaly | Modern Land price falls 5.622% to 0.700.
Express News | USD bond anomaly | Modern Land MOLAND 9 12/30/27 prices rose 23.01% to 1.147.
Express News | The price of Modern Land's USD bond has dropped by 28.364%, with a current price of 0.932.
Express News | US dollar bond abnormal movement | The price of Modern Land MOLAND 9 12/30/27 dropped by 34.269% to 0.588.
Express News | There is a USD bond abnormality: Modern Land's price has dropped by 34.269% to 0.588.
Changes in US dollar bonds | Contemporary Real Estate MOLAND 9 12/30/27 prices rose 3.333% to 0.775
The current price of MOLAND 9 12/30/27, which was issued by Contemporary Real Estate on June 3, rose +3.333%, and the yield was 721.702%.
Changes in US dollar bonds | Contemporary Real Estate MOLAND 9 12/30/26 prices rose 34.342% to 0.742
The current price of MOLAND 9 12/30/26, which was issued by Contemporary Real Estate on June 3, rose +34.342% with a yield of 753.316%.
Changes in US dollar bonds | Contemporary Real Estate MOLAND 9 12/30/27 prices rose 37.137% to 0.750
The current price of MOLAND 9 12/30/27, which was issued by Contemporary Real Estate on June 3, rose +37.137%, and the yield was 733.717%.
No Data