Sino-Ocean Group Holding Limited

PROJECT DESCRIPTION

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GLAS Specialist Services Limited has been duly appointed as the Information Agent for the upcoming restructuring processes of Sino-Ocean Group Holding Limited (the “Company“, together with its subsidiaries, the “Group“) and Sino-Ocean Land (Hong Kong) Limited (“Sino-Ocean Land HK“, together with the Company, the “Restructuring Companies“).
This restructuring is intended to be implemented by way of a combination of inter-conditional restructuring processes, which may include (i) a scheme of arrangement in Hong Kong; (ii) a scheme of arrangement or restructuring plan in the United Kingdom; and/or (iii) any other in-court or out-of-court process in any other jurisdiction (“Restructuring Processes“).

The restructuring concerns certain financial indebtedness of the Group, namely:

1. the Hong Kong law-governed dual-currency syndicated term loan facilities (the “2019 Syndicated Loan“) made to Sino-Ocean Land HK and guaranteed by the Company and certain other subsidiary guarantors, pursuant to a facility agreement dated 11 June 2019 as amended and supplemented from time to time;
2. the Hong Kong law-governed dual-currency syndicated term loan facilities (the “2020 Syndicated Loan“) made to Sino-Ocean Land HK and guaranteed by the Company and certain other subsidiary guarantors, pursuant to a facility agreement dated 16 June 2020 as amended and supplemented from time to time;
3. the Hong Kong law-governed dual-currency syndicated term loan facilities (the “2021 Syndicated Loan“) made to Sino-Ocean Land HK and guaranteed by the Company and certain other subsidiary guarantors pursuant to a facility agreement dated 15 June 2021 as amended and supplemented from time to time;
4. the Hong Kong law-governed syndicated term loan facilities (the “2022 Syndicated Loan” and, together with the 2019 Syndicated Loan, 2020 Syndicated Loan, and the 2021 Syndicated Loan, the “Existing Syndicated Loans“) made to Sino-Ocean Land HK and guaranteed by the Company and certain other subsidiary guarantors pursuant to a facility agreement 8 June 2022 as amended and supplemented from time to time;
5. the Hong Kong law-governed term loan facility (the “2021 Bilateral Loan“) made to Sino-Ocean Land HK and guaranteed by the Company and certain other subsidiary guarantors, pursuant to a facility agreement dated 21 June 2021 as amended and supplemented from time to time;
6. the English law-governed 2.70% guaranteed green notes due 13 January 2025 (the “2025 Notes“) issued by Sino-Ocean Land Treasure IV Limited and guaranteed by the Company (ISIN: XS2354271251);
7. the English law-governed 3.25% guaranteed green notes due 5 May 2026 (the “2026 Notes“) issued by Sino-Ocean Land Treasure IV Limited and guaranteed by the Company (ISIN: XS2293578832);
8. the English law-governed 4.75% guaranteed notes due 5 August 2029 (the “2029 Notes“) issued by Sino-Ocean Land Treasure IV Limited and guaranteed by the Company (ISIN: XS2034822564);
9. the English law-governed 4.75% guaranteed notes due 14 January 2030 (the “2030 Notes“) issued by Sino-Ocean Land Treasure IV Limited and guaranteed by the Company (ISIN: XS2098034452);
10. the English law-governed 6.00% guaranteed notes due 30 July 2024 (the “2024 Notes“) issued by Sino-Ocean Land Treasure Finance I Limited and guaranteed by the Company (ISIN: XS1090864528);
11. the English law-governed 5.95% guaranteed notes due 4 February 2027 (the “2027 Notes“) issued by Sino-Ocean Land Treasure Finance II Limited and guaranteed by the Company (ISIN: XS1163722587); and
12. the English law-governed perpetual subordinated guaranteed capital securities (the “Perpetual Securities“) issued by Sino-Ocean Land Treasure III Limited with subordinated guarantee from the Company (ISIN: XS1677024579).

The Restructuring Support Agreement dated 18^th July 2024 in connection with the restructuring can be accessed by all affected creditors at:
https://glas-agency.appiancloud.com/suite/sites/SinoOcean (the “Portal“).

Creditors of the Restructuring Companies (as applicable) are advised to complete the registration process following the provided instructions to gain access to the Portal.

Further comprehensive details regarding the restructuring and any Restructuring Processes, including relevant dates, will be promptly made available to affected creditors on the Portal.

Click here to access the portal – https://glas-agency.appiancloud.com/suite/sites/sino-ocean-group

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CONTACT DETAILS

GLAS Specialist Services Limited as Information Agent:
Address: 55 Ludgate Hill Level 1 West, London, EC4M 7JW
Email: sinoocean@glas.agency
Telephone:
UK: +44 (0)20 3597 2940
Hong Kong: +852 8009 38636
SG: +65 6232 1407

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REGISTRATION