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The latest update is out from Hilong Holding Ltd. ( (HK:1623) ).
Hilong Holding Limited has secured confirmations from holders representing over 90% of the aggregate principal amount of its 9.75% senior secured notes due 2024 to consent to proposed amendments underpinning its offshore debt restructuring, signalling broad creditor support for its liability management efforts. To allow remaining investors to complete voting procedures, the company has extended the consent solicitation expiration time from 28 January 2026 to 2 February 2026 and now expects to complete the restructuring next week, with the effective date anticipated around 6 February 2026 and the first mandatory redemption of 2.5% of principal to occur three business days after that date, potentially easing near-term refinancing pressure and providing greater visibility for noteholders on the revised repayment schedule.
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 a Cayman Islands–incorporated company listed in Hong Kong that, through its subsidiaries, has issued offshore U.S. dollar senior secured notes to international institutional investors as part of its financing structure.
Average Trading Volume: 1,174,656
Technical Sentiment Signal: Buy
Current Market Cap: HK$371.5M
For a thorough assessment of 1623 stock, go to TipRanks’ Stock Analysis page.