Logan Group Company Limited provided an update on the progress on its offshore holistic liability management solutions. As disclosed in its interim report published on 21 September 2023, the Group has been actively communicating and maintaining constructive dialogue with its creditors and their financial advisors with the aim of facilitating the formulation of a practicable debt extension solution for the Group's offshore debts as soon as possible. The Company is exploring various structures in relation to the restructuring including but not limited to deleveraging via converting certain amount of the existing debts into shares of the Company.

The Group expects to continue the proactive and constructive dialogue and maintain a positive momentum with a view to finalising terms of the restructuring proposal as soon as practical.