Sino-Ocean Group Holding (HK:3377) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sino-Ocean Group Holding is undergoing a significant restructuring, which includes the potential issuance of mandatory convertible bonds and new notes. This restructuring aims to address their existing debt instruments, totaling approximately $5.636 billion, by offering new debts, including loans and notes, alongside convertible bonds and perpetual securities. The company is also seeking shareholder approval for these transactions and plans to list the convertible bonds on the Singapore Exchange.
For further insights into HK:3377 stock, check out TipRanks’ Stock Analysis page.