Logan Says Onshore Debt Restructuring Plan Approved by Creditors

Logan Group says the restructuring proposal for 21 onshore corporate bonds and asset-backed securities issued by its subsidiary Shenzhen Logan has been approved by bondholders, according to an HKEX filing.

• Repayment arrangements of the 21 Bonds will be adjusted
• Restructuring proposal options, including full conversion into designated assets, asset-for-debt swap, cash repurchase and equity economic rights, will be offered
• Co. will arrange for bondholders to select and receive allocations of the restructuring proposal options
• NOTE: June, China Developer Logan to Revise Onshore Debt Restructuring Plan

To view the source of this information, click here

To contact the reporter on this ...