Sino-Ocean subsidiary bonds to resume trading after restructuring approval
Sino-Ocean Group Holding Limited announced that its wholly-owned subsidiary, Beijing Sino-Ocean Group Holding Limited (Sino-Ocean Holding), has received approval for the restructuring of seven corporate bonds. These bonds, including "H15 Sino-Ocean 3" and "H21 Sino-Ocean 2," were suspended from trading on the Shanghai Stock Exchange on August 15, 2025, and trading will resume on November 27, 2025.
The restructuring resolutions for these corporate bonds were approved during bondholders' meetings held while trading was suspended. Transfers of these bonds will continue on the Shanghai Stock Exchange's integrated electronic platform for fixed income securities, conducted on a full-price basis and settlement on a trade-by-trade gross basis. Transferees must be professional institutional investors.
Following the approved resolutions, Sino-Ocean Holding will initiate various settlement options for bondholders, including cash repurchase, equity economic income rights, and debt settlement with assets from residential and commercial projects. Further specific arrangements will be announced by Sino-Ocean Holding.
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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