LOGAN GROUP (03380) experienced a significant intraday surge of more than 22%. At the time of writing, the stock was up 18.52%, trading at HK$1.6, with a turnover of HK$42.9552 million.

On the news front, Shenzhen Longguang Holdings issued an announcement on February 3rd concerning major matters related to its corporate bonds. The announcement stated that, to advance the subsequent restructuring arrangements for the public market debt of Shenzhen Longguang Holdings Co., Ltd., bondholder meetings or controlling-holder meetings for asset-backed securities were convened within 2025 for 21 specified public market bonds/asset-backed securities.

These meetings reviewed and passed the "Proposal on the Overall Restructuring of the Current Bonds" or the "Proposal on the Overall Restructuring of the Current Asset-Backed Securities." Furthermore, LOGAN GROUP intends to adjust other options under the restructuring plan or the asset disposal arrangements applicable to some potential debt-for-equity swap assets stipulated in the "Restructuring Proposal."

The total assessed value of the potential debt-for-equity swap assets involved in the other restructuring options or disposal arrangements remains similar, both before and after the implementation of the adjustments mentioned in this announcement.