Longguang Group (03380): A total of 13.66 billion yuan of bonds have been granted debt restructuring offers with a total face value of 13.66 billion yuan

Zhitong Finance App News, Longguang Group (03380) issued an announcement. As of the announcement date, a cumulative bond face value of RMB 13.66 billion had been allocated through cash repurchase options, physical debt settlement models, specific asset trust options, etc. The amount of allotted bonds had exceeded 62% of the total remaining principal amount of the 21 domestic public debt bonds as of July 10, 2025. Significant progress has been made in domestic debt restructuring work.

The company will continue to work hard to advance the development of subsequent restructuring options. It is expected that the vast majority of domestic public bonds will be allotted and cancelled through subsequent restructuring options such as the single asset trust repayment model under the asset forgiveness option, secondary cash repurchases (if any), stock options, and the pooled asset trust debt model under the asset repayment option. Significant progress in domestic debt restructuring work will help the company fundamentally resolve the debt problem and promote the company to gradually resume normal production and operation.