Sino-Ocean Group Offers to Repurchase Bonds at 20% of Face Value

MT Newswires Live06-24

Sino-Ocean Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, according to a Tuesday filing with the Hong Kong bourse.

The property firm made the offer as part of a restructuring to buy back the debt in exchange for a haircut.

Cumulatively, the firm owes 17.79 billion yuan to the noteholders, but has capped the repurchase at 800 million yuan.

Holders have until July 27 to register for the buy-back, with payment to be made on Aug. 11.

The firm said bondholders who do not take the cash repurchase will be offered other restructuring options, including equity economic income rights or debt settlement using proceeds from residential and commercial projects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2645866857?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-24 10:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2645866857","market":"hk","top_or_hot":-1,"title":"Sino-Ocean Group Offers to Repurchase Bonds at 20% of Face Value","media":"MT Newswires Live","content":"<html><body><p> Sino-<a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, according to a Tuesday filing with the Hong Kong bourse.</p><p>The property firm made the offer as part of a restructuring to buy back the debt in exchange for a haircut.</p><p>Cumulatively, the firm owes 17.79 billion yuan to the noteholders, but has capped the repurchase at 800 million yuan.</p><p>Holders have until July 27 to register for the buy-back, with payment to be made on Aug. 11.</p><p>The firm said bondholders who do not take the cash repurchase will be offered other restructuring options, including equity economic income rights or debt settlement using proceeds from residential and commercial projects.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sino-Ocean Group Offers to Repurchase Bonds at 20% of Face Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSino-Ocean Group Offers to Repurchase Bonds at 20% of Face Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-24 10:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Sino-<a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, according to a Tuesday filing with the Hong Kong bourse.</p><p>The property firm made the offer as part of a restructuring to buy back the debt in exchange for a haircut.</p><p>Cumulatively, the firm owes 17.79 billion yuan to the noteholders, but has capped the repurchase at 800 million yuan.</p><p>Holders have until July 27 to register for the buy-back, with payment to be made on Aug. 11.</p><p>The firm said bondholders who do not take the cash repurchase will be offered other restructuring options, including equity economic income rights or debt settlement using proceeds from residential and commercial projects.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03377","symbol_name":"远洋集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645866857","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645866857","pubTimestamp":1782268940,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Sino-Ocean Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, accord","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03377":"远洋集团","BK1555":"内房股","BK1240":"房地产开发"},"translate_title":"远洋集团提出按面值20%回购债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03377":1},"content_text":"Sino-Ocean Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, according to a Tuesday filing with the Hong Kong bourse.The property firm made the offer as part of a restructuring to buy back the debt in exchange for a haircut.Cumulatively, the firm owes 17.79 billion yuan to the noteholders, but has capped the repurchase at 800 million yuan.Holders have until July 27 to register for the buy-back, with payment to be made on Aug. 11.The firm said bondholders who do not take the cash repurchase will be offered other restructuring options, including equity economic income rights or debt settlement using proceeds from residential and commercial projects.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645866857","isCrawlerRequest":true}