Modern Land becomes latest Chinese developer to miss a bond payment
Property sector not out of woods yet despite Evergrande narrowly avoiding default
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Modern Land becomes latest Chinese developer to miss a bond payment
FT.com
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Chinese developer Modern Land asked for an extension to repay a $250 million bond. Its chairman and president have pledged to pay off around $123 million in shareholder loans in the meantime.
Modern Land's chairman and president said they would pump in $123.9 million to help offset the company's debt, which comes due on..
Business Insider