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Sino-ocean serv: Sino-ocean gp will mortgage some overseas assets owned by Sino-ocean gp creditors for their benefit.
Sino-ocean Serv (06677) announced that the company has noticed that its controlling shareholder, Sino-ocean GP Holdings, along with its subsidiaries collectively known as the “Sino-ocean Group”, has issued an announcement on July 18, 2024, which mentions (among others) that Sino-ocean GP Holdings has reached an agreement on the major terms of the overall restructuring plan (the “Plan”) for the overseas debt restructuring of the Sino-ocean Group with several creditors of the Sino-ocean Group (the “Sino-ocean Group Creditors”). According to the terms of the Plan, the Sino-ocean Group will transfer several overseas assets it holds (including the shares held by the Sino-ocean Group in certain companies)
Sino-ocean Service (06677.HK): The controlling shareholder intends to mortgage its holdings.
Sino-Ocean Services (06677.HK) announced on July 18th that the controlling shareholder of the company, Sino-Ocean GP Holdings Limited ("Sino-Ocean GP"), together with its subsidiaries, collectively referred to as "Sino-Ocean Group", issued an announcement on July 18th, 2024, in which it mentioned (including) that Sino-Ocean GP has reached an agreement with several creditors of Sino-Ocean Group ("Sino-Ocean Group Creditors") on the main terms of the overall restructuring plan for the overseas debt restructuring of Sino-Ocean Group. According to the terms of the plan, Sino-Ocean Group will use its overseas assets (including the assets held by Sino-Ocean Group) to benefit the Sino-Ocean Group Creditors.
Express News | Sino-Ocean Service - Certain Offshore Assets Owned by Sino-Ocean Group to Be Charged in Favour of Creditors as Security for New Debts
Express News | Sino-Ocean Service Holding Ltd - Proposed Charge Over Shares Held by Controlling Shareholder
Sino-ocean serv (06677.HK): Application for liquidation of the holding company.
On June 28th, Glorious Property Holdings Limited (06677. HK) announced that the company was informed that on June 27th, 2024, Sino-Ocean Group Holding Limited ("Sino-Ocean Group") received a winding-up petition ("Petition") filed by The Bank of New York Mellon Corporation, London Branch, to the High Court of the Hong Kong Special Administrative Region (the "High Court") regarding several guaranteed notes issued by a wholly-owned subsidiary of Sino-Ocean Group and guaranteed by Sino-Ocean Group that were not repaid. As of this announcement, no winding-up order has been granted by the High Court to liquidate Sino-Ocean Group. As of this announcement, Sino-Ocean Group is the controlling shareholder of the Company.
With A 28% Price Drop For Sino-Ocean Service Holding Limited (HKG:6677) You'll Still Get What You Pay For
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