Summary by Moomoo AI
SINO-OCEAN GP (SINO-OCEAN GP) ANNOUNCED ON 26 JANUARY 2024 THAT ITS WHOLLY OWNED SUBSIDIARY, OCEAN HOLDINGS CHINA, FACED MARKET DOWNSIDE PRESSURES, AND ADJUSTED ITS DOMESTIC PUBLIC MARKET DEBT REPAYMENT ARRANGEMENTS THROUGH A SHAREHOLDERS' MEETING BETWEEN NOVEMBER 2023 AND JANUARY 2024. As of the announcement date, a total of seven corporate bonds and three asset-securitisation products had been approved, involving an amount of RMB182.66 billion. This will help alleviate the financial pressure, ensure normal operations and “secure the building and life stability”. Ocean Holdings China is also actively promoting other debt exhibition programs and will complete the delivery of approximately 5.4 million homes in more than 40 cities across the country in 2023. The Company will continue to make subsequent announcements in accordance with the rules and regulations, reminding shareholders and holders of debt securities to exercise caution.