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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.
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