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Sino-Ocean subsidiary to partially repay corporate bonds

June 19, 2025 at 05:01 PM UTCBy FilingReader AI

Sino-Ocean Group Holding Limited (HKEX: 3377) announced that its wholly-owned subsidiary, Beijing Sino-Ocean Group Holding Limited ("Sino-Ocean Holding"), will repay 0.3% of the remaining principal of its "H19 Sino-Ocean 1" and "H19 Sino-Ocean 2" corporate bonds within 30 trading days of the approval of extension resolutions. This decision follows the 2025 First Bondholders' Meetings, where resolutions were passed regarding adjustments to the repayment arrangements. Both bonds are subject to a 30-day grace period from the date of principal and interest repayment, and full payment within this period, or a waiver from bondholders, will prevent a default. Sino-Ocean Holding is actively seeking to improve its liquidity position to address relevant debt issues during the grace period. The company advises shareholders and investors to exercise caution and not rely solely on this announcement when making investment decisions.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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