realestate

Powerlong Real Estate Accelerates Restructuring to Fix Liquidity

Powerlong Real Estate Holdings Ltd. (HK:1238) reports significant progress in its efforts.

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    Powerlong Real Estate Holdings Ltd. (HK:1238) reports liquidity progress. A Restructuring Support Agreement covers about 31% of its Scheme Debt, offering cash, shares, and bonds to creditors. The company seeks full debt‑holder support to complete the plan, vital for stability and compliance.

    Rating: Sell, target HK$0.50. Full forecasts on the HK:1238 Stock Forecast page.

    Powerlong develops large commercial, residential, and hotel projects mainly in China.

    Avg. volume: 2.16 M; Technical sentiment: Sell; Market cap: HK$1.26 B. More data on TipRanks Stock Analysis page.

    Disclaimer & Disclosure.

Powerlong Real Estate accelerates restructuring to resolve liquidity crisis.