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Logan Property: Aggressive Plans Ahead

We initiate our coverage on Logan Property Holdings Co Ltd (3380 HK) (“Logan”) with a NEUTRAL recommendation on the LOGPH senior-unsecured USD complex. Logan is considered a smaller sized regional Chinese property developer with a predominant presence in the Guangdong-Hong Kong-Macau Greater Bay Area (“Greater Bay Area”). The company originally began its businesses in 1996 as a developer of mass-market and urban redevelopment projects.

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