Logan Group advances onshore debt restructuring, allotting over 62% of bonds

Logan Group Company Limited reported substantial progress in its onshore debt restructuring plan as of December 4, 2025. A total bond nominal value of RMB13.66 bn has been allotted through various options, including a cash repurchase, an in-kind debt settlement model, and a specific asset trust option. This allotment represents over 62% of the total outstanding principal of the 21 onshore public bonds as of July 10, 2025.

The company plans to continue implementing subsequent restructuring options, expecting most onshore public bonds to be allotted and cancelled. Future options include a single-asset trust debt settlement model, a secondary cash repurchase (if any), an equity option, and a pooled-asset trust debt settlement model.

This significant progress is anticipated to fundamentally resolve Logan Group's debt issues, paving the way for the gradual resumption of its normal production and operations. The board of directors includes Mr. Kei Hoi Pang as chairman, alongside executive and independent non-executive directors.