Sino-Ocean Group Holding Limited has announced significant progress in its ongoing restructuring efforts. The company is actively negotiating with investors to finalize an Onshore Debts Restructuring Plan, which aims to adjust repayment arrangements for certain onshore bonds and interbank debt instruments. The proposed plan offers multiple settlement options, including cash repurchase, equity economic income rights, and debt-for-asset settlements. Trading of seven onshore corporate bonds has been suspended on the Shanghai Stock Exchange to facilitate the process. Meanwhile, the company's offshore debt restructuring became effective in March 2025, with creditors exchanging approximately USD 6.38 billion in existing debts and loans for new financial instruments. Sino-Ocean is also implementing measures to accelerate property sales, collect outstanding receivables, and further reduce costs to preserve liquidity. Investors are advised to exercise caution when dealing in the company's securities.
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