Sino-Ocean Announces Shareholder’s Restructuring Plan

Sino-Ocean Service Holding Ltd. (HK:6677) has released an update.

Sino-Ocean Service Holding Ltd. has announced that its controlling shareholder, Sino-Ocean Group Holding Ltd., has agreed on a restructuring proposal with its creditors, which includes using shares of the company as security for new consolidated debts. While the restructuring will not change the controlling shareholder status or impact the group’s normal operations, investors are advised to exercise caution when dealing in the company’s securities.

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