China’s Sino-Ocean plans offering of notes

By Rebecca Melvin

New York, July 29 – Sino-Ocean Land Treasure IV Ltd., a wholly owned subsidiary of Sino-Ocean Group Holding Ltd., said it plans to conduct an international offering of notes, subject to market conditions and investor interest.

The notes, to be sold under Regulation S, will be offered to the public in Hong Kong.

The proceeds of the offering will be used primarily for repayment of existing debt.

The property developer is based in Beijing.

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