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the report.Opposition came from creditor Long Corridor, which claims the move unfairly favored shareholders, including state-owned China Life and Dajia Insurance Group, which each hold a roughly a 30% stake, Reuters wrote. Meanwhile, Sino-Ocean argued maintaining at least 15% ownership for these entities was vital to its status as a state-owned enterprise and its survival in China's property market.In his ruling, Judge Nicholas Thompsell said retaining these stakes \"increases the value of the plan\" for all creditors, according to the report.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["03377","BK1555","BK1240"],"gpt_icon":0},{"id":"2508106377","title":"BUZZ-Sino-Ocean jumps most in 4 months as UK court approves debt restructuring plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2508106377","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2508106377?lang=en_us&edition=fundamental","pubTime":"2025-02-04 10:19","pubTimestamp":1738635558,"startTime":"0","endTime":"0","summary":"BUZZ-Sino-Ocean jumps most in 4 months as UK court approves debt restructuring plan** Shares of Chinese property developer Sino-Ocean Group 3377.HK jump as much as 36.4% to HK$0.3, on track for their biggest one-day pct rise since Oct. 2, 2024** Stock hits the highest since Dec. 13, 2024 and on course for a third straight session of gains; fourth-biggest pct gainer on the Hong Kong bourse** London's High Court on Monday approved Sino-Ocean Group's plan to restructure around $6 bln of its debt, despite opposition from an ad hoc group of creditors** State-backed Sino-Ocean Group is attempting a parallel process in London and Hong Kong to restructure its offshore debt, as other developers have defaulted since the Chinese property sector's 2021 debt crisis ** The Hang Seng Mainland Properties Index .HSMPI gains 0.6%, an index tracking properties and construction stocks .HSCIPC climbs 0.4% and the Hang Seng Index .HSI rises 2.3%** Sino-Ocean Group shares fell 43.9% last year  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250204:nL1N3OV02B:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["03377","BK1555","BK1240"],"gpt_icon":0},{"id":"2508910823","title":"Shares of Sino-Ocean  Set to Open up 13.6% After UK Court Approves Developer's Debt Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2508910823","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2508910823?lang=en_us&edition=fundamental","pubTime":"2025-02-04 09:20","pubTimestamp":1738632041,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250204:nL4N3OV033:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1240","03377","BK1555"],"gpt_icon":0},{"id":"2508773140","title":"BRIEF-Sino-Ocean Group Says English Court On 3 Feb (London Time) Sanctioned English RP","url":"https://stock-news.laohu8.com/highlight/detail?id=2508773140","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2508773140?lang=en_us&edition=fundamental","pubTime":"2025-02-04 00:22","pubTimestamp":1738599735,"startTime":"0","endTime":"0","summary":"BRIEF-Sino-Ocean Group Says English Court On 3 Feb  Sanctioned English RPFeb 3  - Sino-Ocean Group Holding Ltd 3377.HK:BY JUDGMENT HANDED DOWN BY ENGLISH COURT ON 3 FEB , ENGLISH RP HAS BEEN SANCTIONEDFurther company coverage: 3377.HK ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250203:nFWN3OU0VM:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1240","03377","BK1555"],"gpt_icon":0},{"id":"2508146424","title":"Sino-Ocean Group - by Judgment Handed Down by English Court on 3 Feb (London Time), English Rp Has Been Sanctioned","url":"https://stock-news.laohu8.com/highlight/detail?id=2508146424","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2508146424?lang=en_us&edition=fundamental","pubTime":"2025-02-03 22:31","pubTimestamp":1738593088,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250203:nFWN3OU0VM:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1240","03377","BK1555"],"gpt_icon":0},{"id":"2508864114","title":"UK court approves Sino-Ocean's debt restructuring plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2508864114","media":"Reuters","labels":["corporation","event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2508864114?lang=en_us&edition=fundamental","pubTime":"2025-02-03 19:36","pubTimestamp":1738582608,"startTime":"0","endTime":"0","summary":"UK court approves Sino-Ocean's debt restructuring planLONDON, Feb 3  - London's High Court on Monday approved Chinese property developer Sino-Ocean Group's 3377.HK plan to restructure around $6 billion of its debt, despite opposition from an ad hoc group of creditors.State-backed Sino-Ocean Group is attempting a parallel process in London and Hong Kong to restructure its offshore debt, as other developers have defaulted since the Chinese property sector's 2021 debt crisis.The Hong Kong-listed firm asked the High Court to approve its plan but creditor Long Corridor had opposed it, arguing it was unfair to other creditors.Judge Nicholas Thompsell said in a written ruling that he would sanction the London restructuring plan.  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Sino-Ocean Group Holding Ltd 3377.HK:HK SCHEME SANCTION HEARING ON 24 JANUARY 2025 HAS BEEN VACATED AND ADJOURNED TO 19 FEBRUARYFurther company coverage: 3377.HK ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250123:nFWN3OJ0N7:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1240","03377","BK1555"],"gpt_icon":0},{"id":"2505406760","title":"Sino-Ocean Group -  HK Scheme Sanction Hearing on 24 January 2025 Has Been Vacated and Adjourned to 19 February","url":"https://stock-news.laohu8.com/highlight/detail?id=2505406760","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505406760?lang=en_us&edition=fundamental","pubTime":"2025-01-23 18:03","pubTimestamp":1737626590,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250123:nFWN3OJ0N7:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1555","BK1240","03377"],"gpt_icon":0},{"id":"2505626576","title":"BRIEF-Sino-Ocean Group Updates On Progress Of Offshore Debt Restructuring","url":"https://stock-news.laohu8.com/highlight/detail?id=2505626576","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505626576?lang=en_us&edition=fundamental","pubTime":"2025-01-21 09:26","pubTimestamp":1737422802,"startTime":"0","endTime":"0","summary":"BRIEF-Sino-Ocean Group Updates On Progress Of Offshore Debt RestructuringJan 21 (Reuters) - 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