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Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has shared an announcement.
Powerlong Real Estate Holdings Limited announced a setback in its restructuring process as the court denied the company’s request to extend the Longstop Date from 28 February 2025 to 31 May 2025. Despite efforts to fulfill restructuring conditions, some are likely to remain unmet, causing the scheme to lapse after the original Longstop Date. The company is committed to maintaining communication with creditors and emphasizes the importance of patience and understanding from stakeholders as it seeks a holistic solution for its debt obligations.
More about Powerlong Real Estate Holdings Ltd.
Powerlong Real Estate Holdings Limited is a company incorporated in the Cayman Islands, focusing primarily on real estate development and management. The firm operates in the property sector, offering diverse real estate solutions and is involved in property investments and development.
YTD Price Performance: 6.82%
Average Trading Volume: 1,915,411
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$1.9B
See more data about 1238 stock on TipRanks’ Stock Analysis page.
