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Logan Group: It has reached an agreement with several overseas creditors on the overall restructuring plan terms of its overseas debt.
On January 6, Golden Data News, Long Guang Group announced on the Hong Kong Stock Exchange that the overall debt restructuring has made significant progress. The company has reached an agreement with some overseas creditors on the terms of the overall debt restructuring plan, aiming to protect the interests of all stakeholders while taking into account the current business and operational realities faced by the company. The overall restructuring plan is designed to reduce the company’s debt burden, restore its capital structure, promote the normal operation of internal production and operations, thereby unlocking the potential value of its assets and protecting the interests of stakeholders. As of the date of the announcement, the total outstanding principal amount of the company’s foreign debt is approximately 80.38 billion US dollars.