Brief: Modern Land (China) Says Has Appointed Houlihan Lokey (China) As Financial Adviser

Modern Land (China)

05/11/2021 10:34

Nov 5 (Reuters) - Modern Land (China) Co Ltd  1107.HK :
    * HAS APPOINTED HOULIHAN LOKEY (CHINA) LIMITED AS ITS
FINANCIAL
ADVISER TO ASSESS GROUP'S CAPITAL STRUCTURE
    * TRADING IN SHARES AND DEBT SECURITIES WILL REMAIN HALTED
UNTIL
FURTHER NOTICE
    * WILL EVALUATE LIQUIDITY OF GROUP AND EXPLORE ALL FEASIBLE
REMEDIATION SOLUTIONS TO EASE ITS LIQUIDITY ISSUE
    * WILL FORMULATE OVERALL PLAN TAKING INTO ACCOUNT INTERESTS
OF
ONSHORE AND OFFSHORE STAKEHOLDERS


Further company coverage:  1107.HK 

 (Reuters.Briefs@thomsonreuters.com)