China developer Sino-Ocean announces $7.8 billion offshore debt revamp plan

Quick Summary:

Its problems are part of the debt crisis that has beset China’s beleaguered property sector.

Negotiations with a separate major bondholders’ group is ongoing, with the latter still pushing back some terms in the latest proposal, added the person.

As a credit enhancement package to the new debts, the company will provide all of its offshore assets and some of its onshore assets, said a person familiar with the proposal.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: Sino-ocean Developer Restructuring Announces Latest Cent Proposal China Debt Company Major

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 12:59:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21680966

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 23 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions