China developer Sino-Ocean faces liquidation suit in Hong Kong

China developer Sino-Ocean faces liquidation suit in Hong Kong

FILE PHOTO: A man walks in the Central Business District on a rainy day, in Beijing, China, July 12, 2023. REUTERS/Thomas Peter/File Photo

State-backed SinoOcean Group has received a liquidation petition filed against the Chinese property developer in a Hong Kong court, Bloomberg News reported on Thursday.