Logan Group (03380) rose more than 11% against the market, and as of press time, it rose 5.63%, to HKD 0.75, with a turnover of HKD 23.98 million.
According to the Wisdom Finance app, Logan Group (03380) rose more than 11% against the market, and as of press time, it rose 5.63%, to HKD 0.75, with a turnover of HKD 23.98 million.
According to media reports on June 3, JPMorgan is reportedly arranging a HKD 8.95 billion (USD 1.1 billion) three-year loan for Logan Group and KWG Group. If successful, the loan will clear a major obstacle for Logan Group's USD 8 billion overseas debt restructuring.
It's worth noting that, according to an insider, Logan Group, the developer of the Kai Yue project, and KWG Group have recently signed a cooperation agreement with JPMorgan to introduce funding partners to fight against hostile takeovers. In addition, after the government's comprehensive withdrawal of spicy measures, the Hong Kong property market continues to heat up. The Kai Yue project recently launched 16 four-bedroom ocean view mansions with practical areas of 1956 and 2247 square feet, selling more than half of them for over HKD 100 million each, cashing in over HKD 800 million.