On February 3rd, SINO-OCEAN GP announced the progress of its overseas debt restructuring. According to the ruling made by the England court on February 3rd (London time), the restructuring plan in the United Kingdom has been approved. Since its dollar bonds are governed by UK law, SINO-OCEAN GP will implement the overseas debt restructuring through a parallel restructuring plan in the United Kingdom and an agreement arrangement in Hong Kong, China. The hearing for the petition seeking approval of the Hong Kong agreement arrangement is scheduled for 10 AM on February 19th in the courts of Hong Kong, China.
远洋集团公布境外债务重组进展：英国重组计划已获批准
SINO-OCEAN GP announced the progress of its Overseas debt restructuring: the restructuring plan in the United Kingdom has been approved.
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