Summary by Futu AI
On July 19, 2024, LOGAN GROUP announced that the 21 domestic enterprise bond and Asset-backed Securities (ABS) interest and principal payment arrangements of its wholly-owned subsidiary, Shenzhen Longguang Holdings Co., Ltd., have been approved at the holder's meeting. The adjustment will take effect from the opening of the market on July 22, 2024, and will result in the resumption of trading for the related bonds and ABS products. The company said that this move will benefit the stability of its operations and will continue to maintain active communication and negotiation with creditors. The announcement was issued by the company's chairman, Ji Haipeng.