On March 17th, Jinshi Data News, it was learned that Far Ocean Group is currently in preliminary communication with creditors, planning to launch a comprehensive restructuring plan before the end of August, covering at least 7 corporate bonds with a principal of about 13 billion yuan. It is reported that Far Ocean will convene creditors for a meeting and vote in the near future. If the adjustment plan is approved, 0.3% of the principal will be repaid within 2 months. At the same time, Far Ocean Group plans to adjust the principal and interest repayment time of 4 domestic bonds to late August. The 4 bonds are H18 Far Ocean 1, H19 Far Ocean 1, H19 Far Ocean 2, and H21 Far Ocean 1, which have been suspended from trading since February 25th.
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