伴随境内债券重组加快落地，龙光集团有限公司（以下简称"龙光"）整体境外债重组也迎来重要里程 碑。 9月10日，龙光发布境外债整体重组方案重大进展公告，公司已与债权人小组就境外债重组达成修订协 议，对整体CSA（整体债权人支持协议）作出对公司境外债权人及其他持份者整体有益的若干修订。该 修订协议于2025年9月9日签署并生效。 公告表示，经修订整体重组方案生效后，公司境外债务负担将彻底解决，从而得以建立长期稳定的资本 结构，大幅增加公司净资产总额和每股净资产值。同时，方案将进一步促进公司内部生产正常运转，保 障各利益相关方的权益。 本次条款修订，将短期票据、长期票据对应的底层项目及资产设立资产信托用于抵债，将剩余债务纳入 转股选项，扩大转股选项规模。原方案中的现金选项条款及6港币/股的加权平均转股价则保持不变。 此次龙光修订境外债重组方案，深度整合了现金选项、资产信托抵债、股票等多类核心资源，堪称当前 市场上重组资源最多、最具诚意的方案之一，体现了龙光对推动债务重组的不懈努力。 创新重组模式 保障债权人权益并提升收益 龙光在条款修订中首创性地引入资产信托抵债模式，成为地产同业境外债重组方案中唯一提供此选项的 内 ...

Group 1 - The Hong Kong property stocks showed a general upward trend on September 10, with several companies experiencing significant gains [1] - China Overseas Land & Investment (03377.HK) increased by 12.5%, reaching HKD 0.153 [1] - Longfor Group (03380.HK) rose by 11.58%, trading at HKD 1.06 [1] - Shimao Group (00813.HK) saw an increase of 8.97%, priced at HKD 0.425 [1] - Sunac China (01918.HK) gained 4.22%, with a price of HKD 1.73 [1]

Core Viewpoint - The real estate stocks in China have shown a significant upward trend, driven by policy adjustments and improved market sentiment, particularly in major cities like Beijing, Shanghai, and Shenzhen [1] Group 1: Stock Performance - Major real estate companies such as China Oceanwide Holdings (03377) saw a stock increase of 12.5%, trading at 0.153 HKD; Longfor Group (03380) rose by 11.58% to 1.06 HKD; Shimao Group (00813) increased by 8.97% to 0.425 HKD; and Sunac China (01918) gained 4.22% to 1.73 HKD [1] Group 2: Market Trends - Since Q2 of this year, the new housing market has experienced a decline in both volume and price, increasing the pressure for stabilization throughout the year [1] - Starting in August, cities like Beijing, Shanghai, and Shenzhen have implemented "city-specific policies," which are expected to boost short-term transaction volumes and enhance confidence in the long-term recovery of the industry [1] Group 3: Policy Implications - There remains significant policy space for further measures, including urban renewal initiatives and policies for the acquisition of existing housing stock [1] - The expectation of interest rate cuts by the Federal Reserve has opened up monetary easing opportunities for China [1] Group 4: Risk Assessment - The reduction in industry risk evaluation is identified as a key factor driving the recovery of real estate stocks, with the potential for policy announcements or expectations to temporarily increase market momentum [1] - The previous decline in real estate stock prices was attributed to the negative impact on the numerator exceeding that on the denominator; however, the industry is now entering a new bottoming phase where the denominator's influence is expected to surpass that of the numerator, leading to potential stock price recovery [1]

Group 1 - The majority of domestic property stocks have risen, with notable increases such as 12.5% for China Oceanwide Holdings (03377) to HKD 0.153, 11.58% for Longfor Group (03380) to HKD 1.06, and 8.97% for Shimao Group (00813) to HKD 0.425 [1] - According to Dongfang Securities, the trend of weakening volume and price in the new housing market since Q2 this year has intensified the pressure for stabilization throughout the year, with policies implemented in cities like Beijing, Shanghai, and Shenzhen since August expected to boost short-term transaction volumes and enhance confidence in the long-term recovery of the industry [1] - The report highlights that there is still significant policy space available, including urban renewal initiatives and policies for the acquisition of existing homes, alongside an increased expectation of interest rate cuts by the Federal Reserve, which opens up monetary easing opportunities for China [1] Group 2 - The reduction in industry risk assessment is identified as the main driver for the recovery of real estate stocks, with the potential for policy announcements or expectations to temporarily elevate the slope of recovery [1] - The previous decline in real estate stock prices was attributed to the impact of the numerator exceeding that of the denominator; however, the industry is now entering a new bottoming phase where the reduction in risk assessment is leading to a situation where the denominator's impact surpasses that of the numerator, suggesting a potential rebound in stock prices [1]

龙光集团(03380)早盘涨超4%，截至发稿，涨4.21%，报0.99港元，成交额1400.53万港元。 本次条款修订，将短期票据、长期票据对应的底层项目及资产设立资产信托用于抵债，将剩余债务纳入 转股选项，扩大转股选项规模。原方案中的现金选项条款及6港币/股的加权平均转股价则保持不变。 公告表示，经修订整体重组方案生效后，公司境外债务负担将彻底解决，从而得以建立长期稳定的资本 结构，大幅增加公司净资产总额和每股净资产值。同时，将进一步促进公司内部生产正常运转，保障各 利益相关方的权益。 消息面上，9月10日，龙光集团发布境外债整体重组方案重大进展公告，公司已与债权人小组就境外债 重组达成修订协议，对整体CSA(整体债权人支持协议)作出对公司境外债权人及其它持份者整体有益的 若干修订。该修订协议于2025年9月9日签署并生效。 ...

智通财经APP获悉，龙光集团(03380)早盘涨超4%，截至发稿，涨4.21%，报0.99港元，成交额1400.53万 港元。 公告表示，经修订整体重组方案生效后，公司境外债务负担将彻底解决，从而得以建立长期稳定的资本 结构，大幅增加公司净资产总额和每股净资产值。同时，将进一步促进公司内部生产正常运转，保障各 利益相关方的权益。 消息面上，9月10日，龙光集团发布境外债整体重组方案重大进展公告，公司已与债权人小组就境外债 重组达成修订协议，对整体CSA(整体债权人支持协议)作出对公司境外债权人及其它持份者整体有益的 若干修订。该修订协议于2025年9月9日签署并生效。 本次条款修订，将短期票据、长期票据对应的底层项目及资产设立资产信托用于抵债，将剩余债务纳入 转股选项，扩大转股选项规模。原方案中的现金选项条款及6港币/股的加权平均转股价则保持不变。 ...

公告表示，经修订整体重组方案生效后，公司境外债务负担将彻底解决，从而得以建立长期稳定的资本 结构，大幅增加公司净资产总额和每股净资产值。同时，将进一步促进公司内部生产正常运转，保障各 利益相关方的权益。 伴随境内债券重组加快落地，龙光整体境外债重组也迎来重要里程碑。 智通财经APP获悉，9月10日，龙光集团(03380) 发布境外债整体重组方案重大进展公告，公司已与债权 人小组就境外债重组达成修订协议，对整体CSA(整体债权人支持协议)作出对公司境外债权人及其它持 份者整体有益的若干修订。该修订协议于2025年9月9日签署并生效。 本次条款修订，将短期票据、长期票据对应的底层项目及资产设立资产信托用于抵债，将剩余债务纳入 转股选项，扩大转股选项规模。原方案中的现金选项条款及6港币/股的加权平均转股价则保持不变。 此次龙光修订境外债重组方案，深度整合了现金选项、资产信托抵债、股票等多类核心资源，堪称当前 市场上重组资源最多、最具诚意的方案之一，体现了龙光对推动债务重组的不懈努力。 创新重组模式，保障债权人权益并提升收益 龙光在条款修订中首创性地引入资产信托抵债模式，成为地产同业境外债重组方案中唯一提供此选项的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。本公告並 非且並不構成於美國或任何其他司法權區根據任何有關司法權區證券法登記或合資 格前有關要約、遊說或銷售屬違法的購買或出售任何證券的要約或要約購買或出售 有關證券的遊說一部分。本公告所述證券未曾亦不會根據一九三三年美國證券法 （經修訂）登記，未辦理登記或未獲豁免登記前，不得在美國境內發售、出售或以其 他方式轉讓。於美國公開發售任何證券將以發售章程形式進行，有關發售章程可向 本公司獲取，並將載有關於本公司及其管理層以及財務報表的詳盡資料。本公司無 意於美國公開發售任何證券。 Logan Group Company Limited 龍光集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3380及債券股份代號：40754、40527、40508、40411） 整體重組方案重大進展 整體債權人支持協議及條款修訂 本公告由龍光集團有限公 ...

Group 1 - The core viewpoint of the news is that Hong Kong property stocks, particularly Country Garden, saw significant gains following the inclusion in the Hong Kong Stock Connect, with Country Garden rising over 14% [1] - Other property stocks also experienced notable increases, including CIFI Holdings and China Overseas Land & Investment, which rose over 5%, and several others like Vanke and Longfor Group, which rose over 3% [1] - The surge in property stocks is attributed to a new housing policy introduced in Shenzhen on September 5, which relaxed housing purchase restrictions and adjusted housing credit policies [1] Group 2 - The new housing policy in Shenzhen allows for significant relaxation of purchase restrictions in non-core areas, which is more substantial compared to the new policies introduced in Beijing and Shanghai in August [1] - The policy change includes the removal of differentiated mortgage rates for first and second homes, which is expected to stimulate the housing market [1] - The report from CITIC Securities highlights that the new measures are likely to have a positive impact on the property market in Shenzhen [1]

Market Overview - The A-share market opened with mixed results, with the Shanghai Composite Index down 0.02%, the Shenzhen Component Index up 0.33%, and the ChiNext Index up 0.21% [4][5] - The overall market sentiment showed a decline in the ChiNext Index, which fell by 1% [2] Sector Performance - Precious metals sector led the gains with an increase of 2.13%, followed by other sectors such as small metals (+1.67%) and sodium-ion batteries (+1.40%) [6] - Solid-state battery concept stocks continued their strong performance, with companies like Fengyuan Co. and Hongxing Development achieving consecutive gains [3] Hong Kong Market - The Hong Kong market opened with the Hang Seng Index up 0.09% and the Hang Seng Tech Index up 0.11% [7][8] - Real estate stocks in Hong Kong saw significant increases, with Country Garden rising by 14.58% following policy adjustments aimed at optimizing the real estate market in Shenzhen [6]