Regions China
Bank of New York Mellon sues to liquidate Sino Ocean for US$400 million debt and interest
Sino-Ocean is joining a growing list of Chinese property developers facing liquidation lawsuits, after a nationwide deleveraging campaign begun in late 2020, sending home sales plunging and causing severe liquidity issues for these home builders.
![Bank of New York Mellon sues to liquidate Sino Ocean for US$400 million debt and interest](https://img.easybranches.com/uploads/news/2024/06/bank-of-new-york-mellon-sues-to-liquidate-sino-ocean-for-us-400-million-debt-and-interest.jpg)
Sino-Ocean is joining a growing list of Chinese property developers facing liquidation lawsuits, after a nationwide deleveraging campaign begun in late 2020, sending home sales plunging and causing severe liquidity issues for these home builders.
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