LOGAN GROUP (03380): Debt Restructuring Offers Accepted for Cumulative Bond Face Value of RMB13.66 Billion

Stock News12-04

LOGAN GROUP (03380) announced that, as of the announcement date, cumulative bond face value totaling RMB13.66 billion has been allocated under debt restructuring offers through options including cash repurchase, asset-for-debt swaps under the in-kind settlement model, and specific asset trust arrangements. The allocated bond amount exceeds 62% of the remaining principal of 21 onshore public bonds as of July 10, 2025, marking significant progress in domestic debt restructuring efforts.

The company will continue advancing subsequent restructuring options, with the majority of onshore public bonds expected to be allocated and canceled through follow-up measures such as single-asset trust settlements under the asset-for-debt option, secondary cash repurchases (if applicable), equity conversion options, and pooled asset trust settlements.

This milestone in domestic debt restructuring will fundamentally address the company's debt issues and support the gradual restoration of normal business operations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment