HKG:3377

5 stories mentioning HKG:3377Updated 39d ago

Every FINWIRES story that references HKG:3377, newest first.

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

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.

HKG:3377

Asia48d ago

Sino-Ocean Logs 1.73 Billion Yuan in May Contracted Sales

Sino-Ocean (HKG:3377) recorded contracted sales of around 1.73 billion yuan in May, with a gross floor area (GFA) of 176,200 square meters, according to a Monday Hong Kong bourse filing.The property company's average selling price for the month was approximately 9,800 yuan per square meter.For the five months ended May 31, contracted sales and GFA reached roughly 6.4 billion yuan and 504,400 square meters, with an average selling price of 12,700 yuan per square meter.

HKG:3377

Asia79d ago

Sino-Ocean Logs 1.63 Billion Yuan in April Contracted Sales

Sino-Ocean (HKG:3377) recorded contracted sales of around 1.63 billion yuan in April, with a gross floor area (GFA) of 116,200 square meters, according to a Thursday Hong Kong bourse filing.The property firm's shares gained over 1% in late morning trade Friday.The property firm's average selling price stood at approximately 14,000 yuan per square meter for the month.For the first four months of the year, contracted sales and GFA reached roughly 4.67 billion yuan and 328,200 square meters, respectively, with an average selling price of 14,200 yuan per square meter.Meanwhile, the firm said it was in talks with creditors to settle amounts overdue by its unit Sino-Ocean Holding Group (China).The firm had 17.37 billion yuan in overdue outstanding borrowings as of April 30.

HKG:3377

Asia110d ago

Sino-Ocean Logs 1.42 Billion Yuan in March Contracted Sales

Sino-Ocean (HKG:3377) recorded contracted sales of around 1.42 billion yuan in March, with a gross floor area (GFA) of 93,600 square meters, according to a Tuesday Hong Kong bourse filing.The property firm's average selling price stood at approximately 15,200 yuan per square meter for the month.For the first quarter of 2026, contracted sales and GFA reached roughly 3.04 billion yuan and 212,000 square meters, respectively, with an average selling price of 14,300 yuan per square meter.

HKG:3377

Asia111d ago

Sino-Ocean Unit Flags Over 17 Billion Yuan in Overdue Debt; Shares Slip 4%

Sino-Ocean (HKG:3377) said its wholly owned subsidiary, Beijing Sino-Ocean, had 17.2 billion yuan in overdue borrowing principal as of March 31, according to a April 10 Hong Kong bourse filing.Shares of the property firm were down over 4% in Monday's late morning trade.The subsidiary also reported a new major litigation in March involving disputes with creditors, with an amount of about 1.87 billion yuan.Sino-Ocean said the situation may adversely affect the unit's operations and debt repayment ability.The unit said it is continuing discussions with creditors to formulate solutions to address the debt situation.

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