Powerlong Commercial Management Holdings Limited ( (HK:9909) ) just unveiled an update.
Powerlong Commercial Management Holdings Limited announced that a liquidation application has been filed against its holding company, Powerlong Real Estate (BVI) Holdings Limited, in the Eastern Caribbean Supreme Court. The application, made by several investment funds, concerns non-payment of senior notes worth $500 million. Despite this, the company’s board believes the application will not materially impact its financial performance or operations, and it will continue to monitor the situation closely.
More about Powerlong Commercial Management Holdings Limited
Powerlong Commercial Management Holdings Limited is a company incorporated in the Cayman Islands, operating in the commercial management sector. The company, along with its subsidiaries, is involved in managing commercial properties, focusing on enhancing the commercial value of real estate assets.
YTD Price Performance: 2.10%
Average Trading Volume: 753,056
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$1.56B
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