News for Sino-Ocean Group Holding Limited (3377.HK)

Thursday saw a wave of announcements by companies on the Hong Kong Stock Exchange as in particular property developers and banks react to the Country Garden Holdings Limited (OTC: CTRYF) default on a $15 million interest payment Wednesday.

Sino-Ocean Group Holding Limited (OTC: SIOLY) became the latest in a long line of Chinese property developers to default on its bond repayments after asking its creditors to wait a further two mon

The heavily-indebted developer is betting its life on future property sales after halting repayment of its offshore debt.

Key Takeaways: Sino-Ocean Group’s interim loss this year ballooned to nearly 18.4 billion yuan, a 16-fold increase from a year earlier The developer is also sitting on 91.9 billion yuan in short- and long-term borrowings, with a net debt ratio of 326%. By Lau Chi Hang

Commission File Number 001-31914 中國人壽保險股份有限公司 CHINA LIFE INSURANCE COMPANY LIMITED ...

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Read Sino-Ocean Group (OTC:SIOLF) Downgraded to Hold at HSBC at ETF Daily News

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