Debt-stricken Sino-Ocean warns losses in 2023 could widen by as much as 21 per cent to 23 billion yuan (US$3.2 billion) as home sales plunged, margins narrowed and provision for asset impairment increased.
Source : South China Morning Post
Read more…Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers
