Sino-Ocean Holding proposes 4bn yuan bond restructuring

Sino-Ocean Holding plans to restructure 4 billion yuan in bonds amid tight liquidity. The company offers bondholders a cash repurchase of up to 800 million yuan at 20% of face value, or equity income rights through new shares.

Alternative options include debt settlement using residential or commercial project assets, or extending maturity to September 2035 at 1% interest.