HK-based developer Logan Group gets over $1 bln loan amid restructuring

Logan

15/08/2024 10:45

Aug 15 (Reuters) - Embattled Chinese developer Logan
Group  3380.HK  on Thursday said Unicorn Bay (Hong Kong)
Investments, a firm in which it owns a 50% stake, has secured a
loan of HK$8.2 billion ($1.05 billion) amid debt restructuring.

($1 = 7.7914 Hong Kong dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Vijay
Kishore)
 ((Rishav.Chatterjee@thomsonreuters.com;))