Summary by Futu AI
Sino-Ocean Group announced on August 22, 2024, that its overseas debt restructuring plan has received support from holders of 72.5% of the Group A debt, and expressed gratitude for the support of creditors. The restructuring plan aims to provide fair and equitable treatment to creditors, and has agreed to extend the deadline for the basic consent fee to September 10, 2024. In addition, creditors who have joined the restructuring support agreement will be eligible to receive a basic consent fee equivalent to 0.05% of the total principal amount of their debt. The company encourages creditors who have not signed the agreement to join as soon as possible, and reminds all stakeholders and investors to pay attention to the information officially released by the company, and to act prudently in trading company securities.