Logan Property Holdings Co (HK:3380) has released an update.
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Logan Group Company Limited announced the approval of new payment arrangements for its subsidiary Shenzhen Logan Holdings Co., Ltd.’s 21 onshore corporate bonds and asset-backed securities, following a favorable bondholders’ vote. The adjustments aim to enhance the financial stability of the company, with the resumption of bond trading slated for 22 July 2024. The company commits to ongoing negotiations with bondholders to maintain operational stability.
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