NewTimeSpace News:On March 12, 2026, Sino-Ocean Group and its wholly-owned subsidiary Sino-Ocean Land (Hong Kong) Limited jointly issued an announcement, disclosing the latest progress on debt and litigation of its wholly-owned subsidiary Beijing Sino-Ocean Holding Group Limited.

According to the announcement, in terms of debt, the total overdue outstanding borrowing principal of Sino-Ocean Holding amounted to RMB 16.78 billion as of February 28, 2026, with no changes to the overdue amount throughout February. Sino-Ocean Holding stated that it is actively communicating with creditors to advance the formulation and implementation of solutions, and making every effort to resolve the relevant debt issues.

In terms of litigation, Sino-Ocean Holding had no new major litigations in February 2026, while the trial status of certain existing major litigations has been updated.

The announcement noted that although the overdue debts and litigation-related matters will have a certain adverse impact on Sino-Ocean Holding's production and operation as well as its debt repayment capacity, its daily management, corporate governance, production and operation have remained normal for the time being.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.