Sino-Ocean Creditors Raise Alarm Over UK Restructuring Tactic

By Yahoo! Finance | Sep 24, 2024 at 05:27 AM EST

Creditors of Sino-Ocean Group Holding are concerned about the company's restructuring strategy in UK courts, fearing unfair treatment. The company aims to settle restructuring terms with loan creditors in Hong Kong and use UK insolvency laws to approve terms for all debt classes.

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