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    1107   KYG618221058

MODERN LAND (CHINA) CO., LIMITED

(1107)
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Factbox: Chinese developers that missed or are set to miss offshore bond payments since Sept

10/12/2021 | 04:30am EDT
FILE PHOTO: Headquarters of China Evergrande Group in Shenzhen

HONG KONG (Reuters) - Cash-strapped China Evergrande Group missed its third round of bond coupon payments in three weeks, as the one-time top-selling property developer in China wrestles with more than $300 billion in liabilities.

Below is a list of Chinese developers that have missed, or are set to miss, offshore bond payments since September, as contagion fears in the $5 trillion sector hit firms with weaker credits and low liquidity.

Issuer Coupon/ principal Amount RIC

maturity date

Evergrande Sept. 23 $83.5 million [VG1580431

coupon 14=]

Evergrande Sept. 29 $47.5 million [VG1587867

coupon 53=]

Fantasia Oct. 4 $205.7 million [VG1498418

principal 22=]

Evergrande Oct. 11 Aggregate of [VG1982036

$148 million 96=][VG198

coupon 203777=][V

G198204064

=]

Sinic Oct. 18 $246 million [VG2240047

principal 88=]

Modern Land Oct. 25 $250 million [KY1986632

(requesting to principal 71=]

postpone date to

Jan. 25)

(Reporting by Clare Jim; Editing by Sumeet Chatterjee & Shri Navaratnam)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -3.91% 2.95 End-of-day quote.-80.20%
FANTASIA HOLDINGS GROUP CO., LIMITED 1.82% 0.56 End-of-day quote.-58.52%
MODERN LAND (CHINA) CO., LIMITED -1.30% 0.38 End-of-day quote.-55.29%
SINIC HOLDINGS (GROUP) COMPANY LIMITED -87.01% 0.5 End-of-day quote.-87.80%
All news about MODERN LAND (CHINA) CO., LIMITED
10/20MODERN LAND CHINA : Terminates Consent Solicitation to Extend Bond Payment
MT
10/20MODERN LAND CHINA : Exchange notice - trading halt
PU
10/20Chinese Developer Modern Land Says It Continues to Face Liquidity Issues
DJ
10/20GENERAL ANNOUNCEMENT : :Termination of the Consent Solicitation in respect of 12.85% Senio..
PU
10/19China Evergrande shelves stake sale, Kaisa clattered by downgrade
RE
10/15China Relaxes Home Loan Restrictions at Some Banks Amid Property Slowdown
MT
10/14Fitch Cuts Modern Land’s Ratings as Developer Seeks Payment Extension; Shares Tan..
MT
10/14Evergrande Misses $28 Million Payment for Land Parcel Bought in June
MT
10/13S&P Cuts Greenland, E-house Ratings on Liquidity Risks
MT
10/12StanChart CEO Says China Won’t Allow Evergrande Woes to Turn Into Systemic Crisis
MT
More news
Analyst Recommendations on MODERN LAND (CHINA) CO., LIMITED
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Financials
Sales 2021 - - -
Net income 2021 772 M 121 M 121 M
Net Debt 2021 - - -
P/E ratio 2021 1,13x
Yield 2021 22,1%
Capitalization 874 M 137 M 137 M
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 2 240
Free-Float 23,6%
Chart MODERN LAND (CHINA) CO., LIMITED
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Technical analysis trends MODERN LAND (CHINA) CO., LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 0,31 CNY
Average target price 0,89 CNY
Spread / Average Target 186%
EPS Revisions
Managers and Directors
Peng Zhang President & Executive Director
Lei Zhang Chairman
Yin Chen Executive Director, CTO & General Engineer
Chun Ho Hui Independent Non-Executive Director
Jian Cui Independent Non-Executive Director
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