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Munich - Delayed Quote EUR

Sino-Ocean Group Holding Ltd (3SD.MU)

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0.0270

0.0000

(0.00%)

As of February 21 at 5:27:10 PM GMT+1. Market Open.

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Simply Wall St. 3 months ago

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Chinese developer Sino-Ocean expects to generate $2.8 billion cash to repay offshore debt

Chinese property developer Sino-Ocean Group said on Tuesday its restructuring plan was being implemented in an orderly manner and it expects to generate $2.8 billion in cash over the next decade to repay its new financing instruments. In July, the state-backed firm had reached an agreement with some of its creditors to restructure its $5.64 billion offshore debt, stating it would repay the existing debt with new loans and notes worth $2.2 billion, convertible bonds or interest-bearing perpetual securities. Sino-Ocean had faced a winding-up petition filed by the Bank of New York Mellon in a Hong Kong court in June, the hearing for which has been currently adjourned to Dec. 23.

Reuters 4 months ago

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Performance Overview

Return	3SD.MU	HANG SENG INDEX
YTD	+14.89%	+16.68%
1-Year	-34.94%	+39.94%
3-Year	-83.42%	+2.21%

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Sino-Ocean Group Holding Ltd (3SD.MU)

February 2025's Top Penny Stocks To Watch

Al-Baha Investment and Development And 2 Other Penny Stocks Worth Watching

December 2024's Top Penny Stocks To Watch

Promising Penny Stocks To Consider In October 2024

Chinese developer Sino-Ocean expects to generate $2.8 billion cash to repay offshore debt

Performance Overview