Hilong Advances Debt Restructuring and Cost Controls to Tackle Auditor’s Disclaimer

Hilong Holding Ltd. ( (HK:1623) ) has issued an update.

Hilong Holding Limited has issued a quarterly update on its action plan to address the auditor’s disclaimer of opinion, reporting substantial progress in restructuring its 9.75% senior secured notes due 2024, with over 90% of noteholders consenting to proposed amendments and completion of the restructuring expected in early February 2026. The company highlighted that shareholders have already approved the US$100 million disposal of a vessel, with at least 45% of net proceeds earmarked for reducing liabilities under the 2024 notes, while management is simultaneously intensifying receivables collection, considering legal action on long-outstanding debts, and renegotiating supplier contracts and discretionary spending to cut costs and strengthen cash flow. These measures are designed to improve liquidity, reduce leverage and operational expenses, and ultimately resolve the auditor’s disclaimer, a key step for restoring investor confidence and stabilising the group’s financial and market standing.

The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.22 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.

More about Hilong Holding Ltd.

Hilong Holding Limited is a Cayman Islands-incorporated company listed in Hong Kong that operates through various subsidiaries, with a focus on providing industrial and energy-related services and assets, including shipping-related operations. The group is active in managing financing arrangements tied to its senior secured notes and asset disposals, reflecting a capital-intensive business model that relies on international debt markets and large-ticket equipment or vessel assets.

Average Trading Volume: 1,152,066

Technical Sentiment Signal: Buy

Current Market Cap: HK$369.8M

For detailed information about 1623 stock, go to TipRanks’ Stock Analysis page.