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An update from Powerlong Commercial Management Holdings Limited ( (HK:9909) ) is now available.
Powerlong Commercial Management Holdings Limited announced a potential disposal of shares by its controlling shareholder, Powerlong Real Estate Holdings Limited, as part of a restructuring agreement. This restructuring involves the disposal or pledge of shares to fund a cash amount of $40 million and the transfer of up to 32.4% of the company’s shares to scheme creditors. The company expects no adverse effects on its operations from this restructuring.
The most recent analyst rating on (HK:9909) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Powerlong Commercial Management Holdings Limited stock, see the HK:9909 Stock Forecast page.
More about Powerlong Commercial Management Holdings Limited
Powerlong Commercial Management Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in commercial management services. It operates within the real estate sector, focusing on managing commercial properties and related assets.
Average Trading Volume: 399,213
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
See more data about 9909 stock on TipRanks’ Stock Analysis page.