Logan Group Company Limited

by | May 10, 2022

Logan Group Company Limited

Logan Group Company Limited

Logan Group Company Limited (“Logan Group” or “the Group,” stock code:3380.HK) was founded in 1996 as an integrated property developer specializing in residential property development in the People’s Republic of China, primarily in the Guangdong-Hong Kong-Macao Greater Bay Area, with products aimed primarily at first-time homebuyers and upgraders. In 2013, it was listed on the Hong Kong Stock Exchange’s main board. The Group is one of the top property developers in the PRC in terms of overall strength, with Grade-A credentials in property development, general contracting of construction, and engineering design. In 2020, Logan Group was placed 184th on the Fortune China 500 List, 3rd on the Forbes Global 1000 List, and 3rd on the “Top 10 Hong Kong-listed Chinese Property Developers – Investment Value.” The firm was placed 18th in the 2020 Best 50 China Real Estate Listed Companies with Strongest Comprehensive Strengths, with the market recognizing its brand and overall strength.

Logan has been tracking the country’s progress for many years, sticking to the company’s brand concept of “Shaping Cities and Homes with Responsibility and Sincerity.” To date, it has completed more than 150 residential projects, serving more than one million people with high-quality housing.

Logan became a component stock of the Hang Seng Composite LargeCap Index in March 2020, demonstrating the Company’s leadership position and long-term growth potential. Furthermore, the Company is a constituent stock of the Hang Seng Stock Connect Greater Bay Area Composite Index and Hang Seng High Dividend Yield Index, as well as the MSCI China All Shares Index and the FTSE Shariah Global Equity Index, and is listed on the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect lists of eligible stocks for Southbound trading. Logan is also rated “Ba3,” “BB,” and “BB” by Moody’s, Standard & Poor’s, and Fitch, respectively, with outlooks of “positive,” “stable,” and “stable.”

Logan will continue to encourage stable corporate development and produce more value for its shareholders and consumers in the future.

Overview of Corporate Governance

Logan seeks to uphold the highest standards of corporate governance. The Company works to continuously improve its corporate governance while regulating operations, improving internal control mechanisms, implementing strong disclosure measures, and ensuring that operations are in line with the Group’s and its shareholders’ long-term interests by adopting an excellent, prudent, and effective corporate governance style.

Logan Group Company Limited has produced its own Code of Corporate Governance based on the ideas and practices of the Hong Kong Stock Exchange’s Code of Corporate Governance. It has continued to improve its organizational structure to facilitate full-service development, strengthened internal controls, and integrated comprehensive risk management. The Company’s corporate governance standards are continually improved to guarantee alignment with and protection of shareholders’ best interests.

Development that is long-term

Environmental, social, and political issues

Logan has been adhering to the principle of generating economic benefits and having social responsibility in place, following the corporate values of transparency, health, and justice, and pursuing sustainable and quality growth, with the concept of “Shaping Cities and Homes with Responsibility and Sincerity.”

By committed itself to becoming a corporate citizen that can continue to create value for stakeholders in a sustainable way, the Company assumes responsibility for all stakeholders in the community. While the Company aims to maximize earnings for its shareholders and commercial partners, it also prioritizes internal growth that is efficient, stable, and long-term. We believe it is both our belief and our obligation to shoulder this responsibility for all of our stakeholders.

The Company would want to share its environmental, social, and governance performance with the public and stakeholders in order to get more input in order to improve and generate more value in the future.

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