LOGAN GROUP (03380): Accumulated bond face value of 13.66 billion yuan has received debt restructuring offer allocation.
Long Guang Group (03380) announced that as of the announcement date, a cumulative bond face value of RMB 13.66 billion has been repurchased through cash repurchase options, asset-backed debt options using the barter model, specific asset trust options, etc. in the debt restructuring offer, and the allocated bond amount has exceeded 62% of the total remaining principal of 21 domestic public bonds as of July 10, 2025. Significant progress has been made in domestic debt restructuring work.
LOGAN GROUP (03380) announced that as of the announcement date, a total of RMB 13.66 billion in bond face value has been allocated through cash repurchase options, asset-backed options, and specific asset trust options. The allocated bond amount has exceeded 62% of the total remaining principal of 21 domestic public bonds as of July 10, 2025, showing significant progress in domestic debt restructuring.
The company will continue to promote the implementation of follow-up restructuring options. It is expected that the majority of domestic public bonds will be allocated and canceled through asset-backed single asset trust options, second cash repurchase (if any), stock options, and collective asset trust options under asset-backed options. The significant progress in domestic debt restructuring work will help the company fundamentally solve debt issues and promote the gradual recovery of normal production and operation.
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