Chinese developer Modern Land asked for an extension to repay a $250 million bond. Its chairman and president have pledged to pay off around $123 million in shareholder loans in the meantime.

Chinese developer Modern Land is asking for more time to repay a $250 million bond due later this month. Its chairman and president said they would personally contribute $123.9 million to the repayment. It’s the latest in what’s becoming a series of debt woes spread across China’s real estate sector. Loading Something is loading. Chinese…