Sino-Ocean Said to Be in Talks With Cinda for Financial Support
- Two parties began discussions in October, people familiar say
- Sino-Ocean is on list of firms eligible for financing support
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Chinese state-backed developer Sino-Ocean Group is in talks with bad-debt manager China Cinda Asset Management over financial support, according to people familiar with the matter.
The two sides began discussions over further assistance in October, building on their existing collaboration on a number of property projects, said the people, who asked not to be identified because the matter is private.