Ocean Capital "20 Ocean 01" exhibition plan was passed by 51%consent, and was previously included in the credit observation list

Economic Observer reporter Cai Yuekun on September 6th, Ocean Capital Co., Ltd. (hereinafter referred to as "Ocean Capital") announced that the company held the first time of its bond "20 Far capital 01" 2022 for the first time on September 5, 2022 The bond holder's meeting reviewed and passed the "Proposal on Adjusting the" 20 Far -funded 01 "redemption plan and providing credit enhancement measures.

Performance of the exhibition proposal

The announcement shows that the "20 Far -funded 01" return exhibition plan was officially passed at the results of the bond holder conference with a 51%ratio, 36.93%ratio, and the disclosure of 12.07%. It is not difficult to see from the ratio of voting that although there are very big differences between creditors and issuers, the final exhibition proposal has been passed in a "thrilling" proportion.

According to reports, the issuance date of "20 Far -to -151" is September 7, 2020, with a period of 3 years. The current balance is 1 billion yuan, and the current ticket rate is 4.7%. Affiliated to the issuer's redemption of the right to select, adjust the rights rate selection rights of the ticket, and the right to return to the investor. The part of the payment is September 9, 2022.

After the exhibition plan passed, regardless of whether investors exercise their options on September 9, 2022, the daily redemption date of the bonds is September 9, 2023.

Regarding the measuring measures, Ocean Capital will be pledged to the trustees by 50%of the equity of Nantong Xinglong Real Estate Development Co., Ltd.

Regarding liquidity, Ocean Capital stated that under the current environment of strict supervision of the financial industry and real estate industry, Ocean Capital has taken the initiative to seek "regulation of structure, liability reduction, risk control, and transformation" since the second half of 2020, but the industry environment After severe changes, the company's investment projects have lengthened and asset prices are under pressure, which continues to face liquidity pressure.

For the reasons for the exhibition period, on September 6, the reporter repeatedly dialed the contact information of the bond project team disclosed by Ocean Capital. As of press time, it has not been connected.

Prior to this, bonds under Ocean Capital frequently moved. On August 29, 2022, "21 Far -funded 01" plummeted, with a decline of 33.59%.

One day, on August 30, Ocean Capital issued an announcement that due to the failure of major matters in the company and uncertainty, in order to safeguard the interests of bond holders, after applying for the application of the Shanghai Stock Exchange, the company will be approved. The issued "20 Far -funded 01" and "21 Far capital 01" were suspended.

On September 1st, Ocean Capital announced that the two bonds of "20 far -capital 01" and "21 far -capital 01" were about to resume trading. "21 Far -funded 01" currently has a quotation of 51.7 yuan/piece.

Credit rating is included in the list of observation

On September 2nd, the "20 Far -funded 01" rating agency, China Integrity International Credit Rating Co., Ltd. (hereinafter referred to as "Zhongzhong International"), included the main and debt credit rating of Ocean Capitals on the credit rating observation list.

China Integrity International said that since 2022, due to factors such as changes such as changes in the real estate industry, the company's liquidity has tightened; although it intends to withdraw from some investment projects, the exit period is extended, asset prices are undertaken by asset prices, and asset prices are inherited. The pressure of the pressure is not as good as expected.

In addition, according to the 2022 mid -term report released by Ocean Capital, as of the end of June 2022, its currency funds balance was 131 million yuan, of which the limited part was 85 million yuan. Recently, the company provided by the company and its indirect wholly -owned controlling shareholder Canton Capital Holdings Co., Ltd. received a $ 20 million loan of $ 20 million in Macau International Bank Co., Ltd., and the loan has not returned on time. The company is negotiating with Macau International Bank Co., Ltd., and has not reached an agreement.

China Integrity International believes that the current currency funds held by Ocean Capital are relatively limited, and there will be certain uncertainty in the progress of the project withdrawal in the future. Cash flow has occurred.

China Integrity International decided to maintain the main credit rating of Ocean Capital to AA+, maintain the credit level of the debt credit level of "20 far -capital 01" and "21 far -capital 01" to AA+, and include the above -mentioned main body and debt credit rating into credit rating observation List.

As of press time, China Integrity International has not yet issued a new rating adjustment announcement.

It is reported that the Ocean Capital Department focuses on an institution of alternative asset management. The business scope covers real estate investment, structured investment, equity investment, investment consultants, strategic investment and other. In terms of real estate investment, the company focuses on the layout of commercial properties, data real estate, logistics real estate, etc.

Ocean Group Holdings Co., Ltd. (03377.HK, hereinafter referred to as "Ocean Group") indirectly holds 49%of Ocean Capital, is the largest shareholder of Yuanyang Capital. The Ocean Group was founded in 1993 and was listed on September 28, 2007 at the Main Board of Hong Kong United Trading Co., Ltd. The main shareholders of Yangyang Group are China Life Insurance (Group) Company, and everyone's insurance group Co., Ltd. and so on.

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