Modern Land's move is the latest sign of the financial stress that has gripped China Evergrande Group and many of its rivals
Chinese property developer Modern Land Co.
asked investors for permission to defer repaying a $250 million bond due later this month, in the latest sign of the financial stress that has gripped China Evergrande Group andModern Land also said its chairman and president would together provide the equivalent of $124 million in loans, helping to shore up the group’s finances.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden restores protections to Utah land where dinosaurs once roamedUtah land rich in dinosaur fossils has regained protection stripped away by former President Donald Trump, easing fears that they would be ravaged by mining and other commercial activity.
Read more »
‘Sisi’: Sex, Politics, Period Glam as RTL, Beta, Story House Bring a Legend into the Modern WorldEvent series ‘Sisi,’ a new take on Empress Elizabeth of Austria from RTL, Beta Film and Story House Productions, sets itself apart from the very get-go. Romy Schneider’s ‘50s cult movie trilogy tur…
Read more »
What Do We See When We Look at the Sky? Is a Creative, Chameleonic Modern-Day FableWhat Do We See When We Look at the Sky? A fantastical fable, celebrating mundane magic in a rom-com of missed connection. justbrizigs' NYFF59 review:
Read more »
UBS picks its top investment ideas for China — including 'high quality' property playsChina stocks were off to a choppy start in the final quarter of 2021, as concerns on rising bond yields and troubled developer Evergrande weigh on sentiment.
Read more »
Beyond Evergrande, China’s Property Market Faces a $5 Trillion ReckoningDevelopers have run up huge debts. Now sales are down, Beijing is imposing borrowing curbs, buyers are balking at prices, and even demographics are looking dimmer. The government is trying to address the situation without damaging the economy.
Read more »
Latest James Bond Film Falls Behind Predecessors as Covid-19 Concerns LingerThe 25th installment in the Bond franchise, “No Time to Die,” opened to an estimated $56 million in the U.S. and Canada after the movie was delayed for more than a year due to Covid-19.
Read more »