Brief: Logan Group Says Co & Two Units Received Winding-Up Petition Dated 4 Nov

Logan

07/11/2022 15:07

Nov 7 (Reuters) - Logan Group Co Ltd  3380.HK :
    * APPLICATION HAS BEEN MADE BY CO FOR RESUMPTION OF TRADING
IN
SHARES OF CO ON STOCK EXCHANGE WEF 9:00 A.M. ON 8 NOV
    * CO AND TWO UNITS RECEIVED WINDING-UP PETITION DATED 4 NOV
FILED
BY CITICORP INTERNATIONAL LIMITED
    * RECEIVED WINDING-UP PETITION IN CONNECTION WITH 5.75%
SENIOR
NOTES DUE 2025
    * WILL SEEK LEGAL MEASURES TO OPPOSE PETITIONS, AND TAKE ALL
NECESSARY ACTIONS TO PROTECT ITS LEGAL RIGHT
    * IN VIEW OF PETITION, CO WILL APPLY TO GRAND COURT FOR
VALIDATION
ORDER FOR ANY TRANSFERS OF SHARES IN CO MADE AFTER COMMENCEMENT
DATE
    * AS OF NOV 7,  EXCEPT FOR NOTES, CO HAS NOT GOT ANY NOTICE
ABOUT
ACCELERATION OF PAYMENT BY HOLDERS OF OFFSHORE USD DENOMINATED
SENIOR NOTES

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