tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Powerlong Commercial Management’s Controlling Shareholder Plans Partial Stake Disposal

Story Highlights
  • Powerlong Real Estate plans to sell 160,725,000 shares in Powerlong Commercial Management via a new share purchase agreement.
  • Despite the partial stake disposal, the company will remain a non-wholly owned subsidiary and expects no adverse operational impact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Powerlong Commercial Management’s Controlling Shareholder Plans Partial Stake Disposal

Claim 50% Off TipRanks Premium

An announcement from Powerlong Commercial Management Holdings Limited ( (HK:9909) ) is now available.

Powerlong Commercial Management Holdings Limited announced that its controlling shareholder, Powerlong Real Estate, has agreed to dispose of 160,725,000 shares in the company through a share purchase agreement signed on 27 January 2026 by its wholly owned subsidiary, Powerlong Real Estate (BVI) Holdings Limited. Powerlong Real Estate currently holds 405,000,000 shares, or about 63% of the company’s outstanding share capital, and following completion of the disposal—subject to conditions precedent and approval by the independent shareholders of Powerlong Real Estate—the company is expected to remain a non-wholly owned subsidiary. The board stated it does not expect the transaction to adversely affect the operations of Powerlong Commercial Management and advised shareholders and potential investors to exercise caution when dealing in its shares.

The most recent analyst rating on (HK:9909) stock is a Buy with a HK$3.00 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 Hong Kong-listed company engaged in commercial property management and related services, operating as a non-wholly owned subsidiary of Powerlong Real Estate. The group focuses on managing and operating commercial properties, providing management services to support the broader real estate portfolio of its controlling shareholder and other clients in the sector.

Average Trading Volume: 218,290

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.54B

See more insights into 9909 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1