Sino-Ocean Group Has Defaulted on Its Debt

1 year ago
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NFSC takedowntheCCP realestate ccp≠chinese

8/14/2023 According to Hong Kong's TVB News, Sino-Ocean Group has defaulted on its debt. Sino-Ocean Group is the CCP’s first state-owned real estate company to halt trading due to a bond default. With total assets amounting to hundreds of billions of yuan, Sino-Ocean Group has defaulted and suspended trading on a secured bond due to its inability to pay the interest on it.

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