Summary by Futu AI
On July 18, 2024, SINO-OCEAN GP released an announcement regarding the debt securities involved in its four subsidiaries, Sino-Ocean Real Estate Baocai I to IV Limited. Further information was provided regarding the liquidation application announced on June 28. The announcement stated that the High Court had arranged for the first hearing on September 11, 2024. SINO-OCEAN GP stated that it would take legal action to strongly oppose the liquidation application, which it believes is not in the interests of other stakeholders and may damage the company's value. The company will communicate with the applicant and seek a friendly solution through negotiation. At the same time, the company reminded shareholders and potential investors that share transfers may be restricted as a result and advised that they seek professional advice if they have any questions. The announcement was issued by the board of directors representative, Shen Peiying, the company secretary.