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Logan Property Holdings Co ( (HK:3380) ) has issued an update.
Logan Group Company Limited has announced significant progress in its onshore debt restructuring plan, involving a total bond nominal value of RMB13.66 billion. This restructuring, which includes various options such as cash repurchase and asset-for-debt models, has surpassed 62% of the total outstanding principal of the onshore public bonds. The company aims to continue implementing further restructuring options to resolve its debt issues and gradually resume normal operations.
The most recent analyst rating on (HK:3380) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Logan Property Holdings Co stock, see the HK:3380 Stock Forecast page.
More about Logan Property Holdings Co
Average Trading Volume: 28,438,667
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.47B
Find detailed analytics on 3380 stock on TipRanks’ Stock Analysis page.