The Ocean Group reported to meet with key foreign creditors for the first time after b

Chinese -funded developers with the background of the central enterprise have reportedly met with a group of key overseas bond holders since breaking the contract.

Bloomberg Society quoted people familiar with the matter on Thursday (January 18) and reported the above news.

A person familiar with the matter revealed that before the meeting was held on Wednesday (17th), the above -mentioned joint holding of the temporary creditors group who had six ocean -not -repayment of more than 25%of the non -guarantee of more than 25%, instructed the bonds to be received early this month this month this monthWhen it is issued a legal request for debt repayment, it promotes the ocean to sit on the negotiating table.

The legal request for debt repayment is that the creditors can request the court's liquidation debtor's assets before the debt repayment.

This development marks a breakthrough in the dispute between the Ocean Group and the holders of overseas bonds.In the process of handling debts of the Oceania Group, the main bond holders of overseas bonds have not received much attention.Further negotiations may derive some clauses that can change the attempts to reorganize debts.

The Ocean Group is one of the largest housing sellers in Beijing and Tianjin. A August last year announced a US dollar bond that expired this year. The non -payment of interest was suspended due to failure to pay interest before the end of the wide limit.

In September last year, the Oceania Group suspended all overseas debts and appointed Walian Nuoki (China) Co., Ltd. as a financial adviser.According to the documents submitted in November, the Oceania Group stated that it will continue to discuss with creditors and other stakeholders and cooperate with their consultants to prepare.

Bloomberg reported last week that the Oceania Group informed some of the bond holders that the company intends to exhibit all the domestic RMB bonds, including the four of them for not more than 30 months.Since the 15th month, the Ocean Group proposes that the principal of the four bonds of the bonds every three months will be paid for six phases.

It is reported that the COSCO Group told the creditors that the scale of sales continued to decline and the liquidity has not improved.They said that the long -term overall installment and payment exhibition plan can enable the company to operate more stable and maintain company value for investors.