Business & FinanceReuters News First

Modern Land misses bond payment

26 October 2021, 5:25 pm 1 minute

On Oct 26, Reuters was ahead when Chinese property developer Modern Land said it would not make a bond payment, the latest in a string of Chinese firms including Evergrande that are struggling with liquidity.

Market Impact

The Hong Kong property index fell 4%.

Article Tags

Topics of Interest: Business & FinanceReuters News First

Type: Reuters News First

Sectors: Business & FinanceEquities

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Men work at the construction site of a highrise building in Beijing, China, October 18, 2021. REUTERS/Thomas Peter

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

More of Reuters Best

Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

Modern Land misses bond payment

Market Impact

More of Reuters Best

Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

Billing software firm Zuora explores sale after takeover interest

Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud

Lockheed wins US missile defense contract worth $17 bln