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An update from Logan Property Holdings Co ( (HK:3380) ) is now available.
Logan Group Company Limited has been actively working on a holistic restructuring proposal, which involves preparing legal documentation, updating creditors on projects and assets, and restructuring existing debt structures. This initiative aims to address bilateral bank loans and perpetual securities, with further announcements expected. Additionally, its subsidiary, Shenzhen Logan Holdings Co., Limited, has proposed a restructuring plan for its onshore corporate bonds and asset-backed securities, offering options such as debt-for-asset swaps and cash repurchases.
More about Logan Property Holdings Co
Logan Group Company Limited is a real estate development company primarily involved in property development, with a focus on residential and commercial projects. The company operates in the real estate sector and is known for its significant presence in the Chinese market.
YTD Price Performance: -20.56%
Average Trading Volume: 13,303,200
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.83B
Learn more about 3380 stock on TipRanks’ Stock Analysis page.