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Sino-Ocean Group Holding ( (HK:3377) ) has issued an announcement.
Sino-Ocean Group Holding Limited announced adjustments to the repayment arrangements for its subsidiary’s corporate bonds, specifically the ‘H18 Sino-Ocean 1’ bonds. Due to liquidity constraints, Sino-Ocean Holding has approved a resolution to repay a small portion of the remaining principal within 30 trading days and has been granted a 30-day grace period to avoid default. The company is actively seeking funds to address its debt issues and protect investor interests, with further updates to be provided as necessary.
More about Sino-Ocean Group Holding
Sino-Ocean Group Holding Limited is a company incorporated in Hong Kong with limited liability, primarily involved in real estate development and investment. The company operates through its subsidiaries, focusing on property development, property investment, and property management services, with a significant market presence in China.
Average Trading Volume: 22,549,979
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.17B
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