China Ocean Group, which has the background of the central enterprise, announced that it will suspend all overseas debt (including the overseas US dollar securities) to pay until the overall reorganization and/or extended solution will be implemented.
The Oceania Group issued an announcement on the Hong Kong Stock Exchange on Friday (September 15) to announce the above news; and said that the group will focus on all necessary resources to ensure that the existing projects are delivered, and the existing projects will be accelerated.Sales, stabilize business operations, and protect the interests of buyers, group partners and all the owners.
The announcement also said that the group is implementing strict cost reduction measures to improve operating efficiency.
On August 14 this year, the Ocean Group had paid a interest of US $ 20.94 million (S $ 28.57 million) before the end -time ending of a US dollar debt, which led to a breach of contract.
However, three days later (August 17) of the Oceania Group announced that the three -dollar US dollar debt ticket exhibition plan that expired in 2024, 2027 and 2029 was officially passed.
According to the unprecedented operation data released by the Ocean Group Monday (September 11), in the first eight months of this year, the cumulative agreement sales of the Ocean Group were about 40.12 billion yuan (S $ 7.62 billion)The floor area of the agreement is about 200,000 square meters.
