Sino-Ocean Subsidiary Flags RMB17.19 Billion in Overdue Debt and New Lawsuit
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Sino-Ocean Group Holding's subsidiary, Beijing Sino-Ocean Group, reported overdue debt of RMB17.19 billion as of March 31, 2026, an increase of RMB0.41 billion due to higher bank loans. The subsidiary is also facing a new lawsuit involving RMB1.87 billion in borrowing disputes. Despite these challenges, the group maintains that daily operations are normal while negotiating with creditors for debt solutions. The latest analyst rating for Sino-Ocean Group (HK:3377) is a Hold with a price target of HK$0.10.
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