Sino-Ocean

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

The plan will see the state-linked company restructure some US$5.6 billion of debt

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

The company is involved in parallel proceedings in London on its debt plan for both bondholders and bank lenders

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

CHINESE property developer Sino-Ocean Group said on Tuesday (Oct 29) it would issue new zero-coupon, two-year mandatory convertible bonds and new interest-bearing, perpetual securities to creditors fo...

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

SOME creditors of Sino-Ocean Group Holding expressed concerns about the Chinese builder’s pursuit of a restructuring tactic in UK courts, seeking to avoid a potential ruling that they fear would be un...

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 Group Holding got a short reprieve in its liquidation hearing in Hong Kong, as it works to secure more creditor support over a debt plan.

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

A US$5.64 billion offshore debt restructuring plan by China state-backed property developer Sino-Ocean Group has only got support from less than 30 per cent of creditors, two sources with direct knowl...

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

The plan faces opposition from a key bondholder group