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Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has provided an announcement.
Powerlong Real Estate Holdings Ltd. has announced updates on its plans to address liquidity issues and resolve a disclaimer of opinion from its auditor regarding its going concern status. The company is actively engaging in restructuring discussions with offshore creditors, refinancing existing borrowings, and implementing cost-control measures, including workforce optimization. These efforts aim to stabilize the company’s financial position and ensure business continuity.
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, operating in the real estate industry. It focuses on property development and sales, with a market focus on pre-sales and completed properties.
Average Trading Volume: 2,273,274
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.3B
See more insights into 1238 stock on TipRanks’ Stock Analysis page.