Modern Land shares dive nearly 40% after some bondholders demand early repayment

January 10, 2022 10:54 AM

HONG KONG (BLOOMBERG) – Shares of Chinese developer Modern Land plunged nearly 40 per cent to all-time lows on resumption of trade on Monday (Jan 10) after it said it has been in talks with noteholders on a restructuring plan for its US$1.3 billion (S$1.76 billion) of offshore bonds.

Source : https://www.straitstimes.com/business/property/modern-land-shares-dive-nearly-40-after-some-bondholders-demand-early-repayment