Logan Group's Onshore Debt Restructuring Plan Approved by Creditors

Reuters
Jul 10
Logan Group's Onshore Debt Restructuring Plan Approved by Creditors

Logan Group Co. Ltd. announced that its onshore debt restructuring plan has been approved by the relevant creditors. This plan involves the restructuring of 21 onshore corporate bonds and asset-backed securities issued by its subsidiary, Shenzhen Logan Holdings Co., Limited. The approved restructuring proposal includes options such as full conversion into designated assets, asset-for-debt swap, cash repurchase, and equity economic rights. The company will now proceed to facilitate bondholders in selecting and receiving allocations of these restructuring options. This development marks a significant step in Logan Group's efforts to address its financial challenges and optimize its debt structure.

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