FilingReader Intelligence

Sino-Ocean Service returns parking spaces, expects 180m yuan loss

July 16, 2025 at 05:04 PM UTCBy FilingReader AI

Sino-Ocean Service Holding will return 2,684 parking spaces to controlling shareholder Sino-Ocean Group via cancellation of the original asset transfer.

The 323.2 million yuan transaction will be settled through a guaranteed loan with 120-month term and 2% annual interest. The company expects to recognize an approximate loss of 180 million yuan.

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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