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The latest update is out from Powerlong Real Estate Holdings Ltd. ( (HK:1238) ).
Powerlong Real Estate Holdings Ltd. has announced significant progress in its efforts to address liquidity issues related to its Scheme Debt. The company has entered into a Restructuring Support Agreement (RSA) with holders of approximately 31% of the Scheme Debt, aiming to implement a holistic solution that includes various options for creditors, such as cash, shares, and bonds. The company is seeking broader support from all debt holders to ensure the successful implementation of the restructuring plan, which is crucial for stabilizing its financial position and complying with regulatory requirements.
The most recent analyst rating on (HK:1238) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Powerlong Real Estate Holdings Ltd. stock, see the HK:1238 Stock Forecast page.
More about Powerlong Real Estate Holdings Ltd.
Powerlong Real Estate Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in real estate development and investment. The company focuses on developing large-scale commercial complexes, residential properties, and hotels, primarily in China.
Average Trading Volume: 2,155,898
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.26B
See more data about 1238 stock on TipRanks’ Stock Analysis page.