Property developer Logan Group's debt woes deepen, credit rating cut deeper into junk on liquidity concerns

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Property developer Logan Group has become the latest Chinese homebuilder to run into troubles, with its credit rating cut deeper into junk on growing concern about its liquidity and access to funding.

Shenzhen Logan Holdings Co., a wholly-owned subsidiary of Logan Group, said in a filing to the Hong Kong Stock Exchange on Monday that the company is facing a temporary liquidity issue due to external financial situation, changes in the housing market and . . .

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