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Sino-Ocean Service Announces Share Charge Amid Debt Restructuring

Story Highlights

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

Sino-Ocean Service Holding Limited announced a charge over 605,600,000 of its shares, representing about 51.15% of its issued share capital, as part of a restructuring of Sino-Ocean Group’s offshore indebtedness. This move, involving Shine Wind Development Limited and GLAS Trust Corporation Limited, does not impact Sino-Ocean Group’s status as a controlling shareholder or the company’s operations.

More about Sino-Ocean Service Holding Ltd.

Sino-Ocean Service Holding Limited operates within the real estate industry, providing property management services. The company is part of the Sino-Ocean Group, which is a significant player in the sector, focusing on property development and management.

YTD Price Performance: -8.33%

Average Trading Volume: 485,118

Technical Sentiment Signal: Buy

Current Market Cap: HK$651.2M

Find detailed analytics on 6677 stock on TipRanks’ Stock Analysis page.

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