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Walkers advises on landmark US$5.5 billion Sino-Ocean Group financial restructuring

Apr 1, 2025

Our work
A man in a business suit signing a legal contract.

Our team acted as Cayman Islands and BVI legal counsel to members of the coordination committee of bank lenders ("the CoCom") in the holistic restructuring of the offshore debt of Sino-Ocean Group Holding Limited ("Sino-Ocean").

This US$5.5 billion cross-jurisdictional transaction stands among the largest and most complex financial restructurings in the real estate sector to date.

Sino-Ocean is the listed holding company of a group engaged in residential development, real estate development and operations, property services, and full-chain construction services primarily in the PRC.

The restructuring involved a restructuring plan under Part 26A of the UK Companies Act 2006 and a parallel Hong Kong scheme of arrangement. The groundbreaking transaction represents a significant milestone, addressing the Group’s financial challenges stemming from its real estate development business.

Partners Paul Aherne and Kristen Kwok advised on BVI and Cayman law aspects of the financing arrangements, with support from senior associates Charisa Yeung and Helena Chu, supported by specialist advice from our restructuring and corporate teams. Our teams collaborated closely with the CoCom's legal advisers, A&O Shearman, and other advisers to implement a comprehensive restructuring plan.

This precedent-setting transaction underscores our expertise in navigating challenging market conditions and highlights our ability to deliver tailored solutions for regional and global clients in the real estate and financial sectors.

Read more about the transaction here.

 

MEDIA CONTACT

Shana Ray

Head of Business Development - Asia and Middle East

T/+852 2596 3302
M/+852 9030 6084
E/Email Shana Ray

KEY CONTACTS

Get in touch with our team

Paul Aherne
Paul Aherne

Paul Aherne

Partner

Hong Kong

T

+852 2596 3308

M

+852 9680 8443

E

Email Paul Aherne
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Kristen Kwok
Kristen Kwok

Kristen Kwok

Partner

Hong Kong

T

+852 2596 3324

M

+852 9197 3041

E

Email Kristen Kwok
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Helena Chu
Helena Chu

Helena Chu

Senior Associate

Hong Kong

T

+852 2596 3426

M

+852 6977 7389

E

Email Helena Chu
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Charisa Yeung
Charisa Yeung

Charisa Yeung

Senior Associate

Hong Kong

T

+852 2596 3406

M

+852 9856 5019

E

Email Charisa Yeung
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