Modern Land Shareholder Transfers HK$3.49 Million Worth of Stock from Cinda International to Guotai Junan (Hong Kong)

Stock News
01/06

According to the latest data from the Hong Kong Stock Exchange, on January 5th, a shareholder of Modern Land transferred shares from Cinda International Securities to Guotai Junan (Hong Kong). The transferred stock had a market value of HK$3.4891 million, representing 9.60% of the holding.

Modern Land previously announced its interim results for 2025. Revenue was approximately RMB 418 million, a decrease of 58.42% year-on-year. The loss attributable to owners of the company was approximately RMB 1.108 billion, narrowing by 70.79% compared to the previous year. The loss per share was 39.6 cents.

The announcement stated that the decrease in revenue was primarily due to a reduction in the area of properties delivered, leading to a year-on-year decrease of approximately RMB 570.5 million in revenue from property sales.

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