Modern Land: The repayment arrangements for the senior notes have not been achieved by their respective maturity dates
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MODERN LAND announced that due to the unfavorable environment in the Chinese real estate industry, it failed to repay the principal and interest of the new notes due in 2023 and the notes due in 2024 on time, amounting to USD 89.5216 million and USD 206 million, respectively. The cash interest on the notes due in 2025, 2026, and 2027 also could not be paid on time. The company's shares remain suspended
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