LOGAN GROUP (03380) surged over 4% in morning trading. As of press time, the stock was up 4.21% to HK$0.99 with a trading volume of HK$14.0053 million.

On the news front, September 10, LOGAN GROUP announced major progress in its offshore debt restructuring plan. The company has reached an amended agreement with its creditor group regarding offshore debt restructuring, making several modifications to the overall CSA (Creditor Support Agreement) that benefit the company's offshore creditors and other stakeholders. The amended agreement was signed and became effective on September 9, 2025.

According to the announcement, once the revised restructuring plan takes effect, the company's offshore debt burden will be completely resolved, enabling the establishment of a long-term stable capital structure and significantly increasing the company's total net assets and net asset value per share. This will also further promote normal operations within the company and safeguard the interests of all stakeholders.

The current term modifications involve establishing asset trusts using underlying projects and assets corresponding to short-term and long-term notes for debt repayment, while incorporating remaining debt into equity conversion options and expanding the scale of equity conversion options. The cash option terms and the weighted average conversion price of HK$6 per share from the original plan remain unchanged.