Sino-Ocean

Sino-Ocean wins UK court approval to move forward on debt plan

China Life is one of the country’s biggest state-owned insurers and owns 29.59 per cent of Sino-Ocean, according to its latest annual report.

Sino-Ocean’s Hong Kong wind-up case delayed as UK ruling looms

Sino-Ocean was one of the Chinese property firms that defaulted on offshore bonds after the country’s property sector collapsed in mid-2021.

China’s Sino-Ocean to issue US$4 billion in convertible bonds to creditors

Sino-Ocean is far from the first company to come to London in an attempt to force through a restructuring.

Sino-Ocean creditors raise alarm over UK restructuring tactic

Under the proposal, Sino-Ocean plans to restructure about US$5.6 billion into US$2.2 billion of new debt.

Sino-Ocean gets nearly two-week reprieve in liquidation case

Sino-Ocean is facing a liquidation hearing next month, and the low support rate could give it more manoeuvring room with bondholders who still hope to recoup some of their money as China’s deep property market slump drags on.

China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support: sources

Sino-Ocean aims to garner the support of 75 per cent of each of class participating in a vote on the restructuring by August.

Sino-Ocean debt plan gains support, but still faces resistance