Logan Property Holdings Co (HK:3380) has released an update.
Logan Property Holdings Co. is pushing forward with a comprehensive offshore debt restructuring, having secured the support of creditors holding over 92% of its existing notes and obtaining a crucial HK$8.2 billion refinancing for the Corniche Project. The company has appointed White & Case as the principal legal advisor to expedite the restructuring process and has been granted a six-week extension on the restructuring longstop date to continue negotiations.
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