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Powerlong Commercial Management’s Liquidation Application Dismissed, Paving Way for Restructuring

Story Highlights
  • Powerlong Commercial Management focuses on managing commercial properties.
  • Liquidation application against Powerlong’s holding company was dismissed to enable restructuring.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Powerlong Commercial Management’s Liquidation Application Dismissed, Paving Way for Restructuring

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The latest update is out from Powerlong Commercial Management Holdings Limited ( (HK:9909) ).

Powerlong Commercial Management Holdings Limited announced that the liquidation application against its direct holding company, Powerlong Real Estate (BVI) Holdings Limited, has been dismissed. This dismissal, achieved through a consent order, facilitates the successful implementation of a restructuring proposal for Powerlong Real Estate Holdings Limited. Stakeholders and investors are advised to exercise caution when dealing with the company’s securities.

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 operates in the commercial management industry, focusing on providing management services for commercial properties. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 526,921

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.56B

Find detailed analytics on 9909 stock on TipRanks’ Stock Analysis page.

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