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Hilong Holding Ltd. ( (HK:1623) ) has shared an announcement.
Hilong Holding Limited has announced a further extension of the expiration time for its consent solicitation related to the proposed offshore restructuring of its 9.75% senior secured notes due 2024, moving the deadline from 12 January 2026 to 22 January 2026, London time. The extension gives institutional and offshore noteholders more time to consider and submit consents on the restructuring terms, while preserving previously submitted instructions, and underscores the company’s ongoing efforts to complete a complex debt workout that could materially affect its capital structure and creditor recoveries.
The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.18 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 an oilfield services and equipment provider headquartered in Hong Kong and incorporated in the Cayman Islands. Through its group subsidiaries, the company focuses on supplying and servicing drilling-related products, including solutions funded via international debt markets, and its securities are listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,418,858
Technical Sentiment Signal: Buy
Current Market Cap: HK$334.2M
For an in-depth examination of 1623 stock, go to TipRanks’ Overview page.