Hong Kong-listed Sino-Ocean Group Holding Limited disclosed that its wholly-owned subsidiary, Beijing Sino-Ocean Group Holding Limited (“Sino-Ocean Holding”), had RMB17.37 billion of overdue borrowings as at 30 April 2026, according to an announcement filed on 14 May 2026.

The end-April figure represents a RMB0.18 billion increase from March. Within the month, overdue bank loans rose by RMB0.17 billion to RMB5.21 billion, while balances in public-market financing (RMB3.39 billion) and entrusted loans (RMB3.63 billion) were unchanged. Amounts overdue to non-bank institutions and related interest edged up by RMB0.01 billion to RMB5.14 billion.

For context, Sino-Ocean Holding’s overdue borrowings totalled RMB18.16 billion at the end of 2025. All figures for April 2026 are preliminary and unaudited.

Litigation exposure is also rising: as of end-April, the subsidiary faced multiple creditor lawsuits, each involving RMB0.37 billion to RMB3.37 billion in disputed amounts.

Management states that day-to-day operations and corporate governance remain normal, and the company is actively negotiating with lenders to craft a holistic debt-restructuring plan. Further disclosures will be made in line with regulatory requirements.

Shareholders, bondholders and potential investors are advised to exercise caution when dealing in Sino-Ocean Group securities.