Chinese property developer Modern Land (China) Co Ltd said it had missed a debt payment, the latest in the struggling sector to default on offshore bonds, adding to worries about spiralling effects of the debt crisis at China Evergrande Group.
Modern Land said in a filing to the Hong Kong Stock Exchange on Tuesday that it had not repaid principal and interest on its 12.85 per cent senior notes that matured on Monday due . . .
Sign In or Subscribe To Get Full Access.
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.