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Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has provided an announcement.
Powerlong Real Estate Holdings Limited has provided an update on its strategic measures to address liquidity pressures and resolve a disclaimer of opinion from its auditor regarding going concern. The company is actively engaging with offshore creditors to restructure its indebtedness, has repaid significant borrowings, and extended loan maturities. Additionally, Powerlong is optimizing its workforce and adjusting sales strategies to maintain business stability and liquidity, achieving over 90% of its property sales target.
More about Powerlong Real Estate Holdings Ltd.
Powerlong Real Estate Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. The company, along with its subsidiaries, focuses on property development and sales, primarily targeting the Chinese market.
Average Trading Volume: 2,230,516
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.26B
For an in-depth examination of 1238 stock, go to TipRanks’ Overview page.