This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Chinese developer Logan Group will appear at a Hong Kong court hearing in order to determine whether it will face a liquidation order. This comes after a creditor group sought a wind-up of Logan’s two key units after it defaulted on its notes. The hearing comes just weeks after its peer China Evergrande Group was ordered to face an involuntary liquidation by the court. Logan will have to show that its debt restructuring plan that includes cash and convertible bonds offers are both, viable and have sufficient creditor support.
Logan’s dollar bonds are trading at deeply distressed levels of 10 cents on the dollar.
For more details, click here