Summary by Moomoo AI
Sino-Ocean Group announced on September 10, 2024 that its overseas debt restructuring has progressed smoothly, with over 75% of class A creditors joining the restructuring support agreement. The company stated that most creditors support the restructuring plan and are in the process of completing internal procedures to join. In order to give more creditors time to join, the company will extend the deadline for the basic consent fee from September 10, 2024 to September 24, 2024. Creditors who joined the agreement before August 8th will receive an early consent fee equivalent to 0.10% of the total debt principal, while those who join before September 10th will receive a basic consent fee of 0.05%. The company will continue to update the progress of the restructuring.
