Brief: Logan Group Says No Definitive Agreement On Terms Of Restructuring Has Been Entered Into

Logan

02/11/2023 13:13

Nov 2 (Reuters) - Logan Group Co Ltd  3380.HK :
    * AS AT NOV 2, NEGOTIATIONS ON PRACTICABLE DEBT EXTENSION
SOLUTION
FOR GROUP'S OFFSHORE DEBTS ARE ON-GOING
    * NO DEFINITIVE AGREEMENT ON TERMS OF RESTRUCTURING HAS BEEN
ENTERED INTO
    * CO EXPLORING VARIOUS STRUCTURES FOR RESTRUCTURING
INCLUDING
DELEVERAGING BY CONVERTING CERTAIN AMOUNT OF EXISTING DEBTS INTO
SHARES
    * EXPECTS TO CONTINUE DIALOGUE AND MAINTAIN A POSITIVE
MOMENTUM TO
FINALISE TERMS OF RESTRUCTURING PROPOSAL AS SOON AS PRACTICAL

Source text for Eikon:  ID:nHKS7MlhHq 
Further company coverage:  3380.HK 

 ((Reuters.Briefs@thomsonreuters.com;))