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Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has shared an update.
Powerlong Real Estate Holdings Limited announced that shareholders overwhelmingly approved an ordinary resolution at an extraordinary general meeting held on 29 January 2026, with 99.999835% of votes cast in favour. The resolution ratifies and fully authorises the company’s Cooperation Agreement and its related transactions, granting directors broad authority to execute, amend and implement all associated documents and arrangements, a move that strengthens management’s mandate to advance the company’s strategic cooperation initiatives and could facilitate smoother execution of future projects.
The most recent analyst rating on (HK:1238) stock is a Hold with a HK$0.27 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 Limited is a Hong Kong-listed property developer incorporated in the Cayman Islands, focusing on real estate development and related property operations in mainland China. The company operates under stock code 1238 on the Main Board of the Hong Kong Stock Exchange, with its strategy centered on managing and expanding its portfolio through various cooperation and investment agreements.
Average Trading Volume: 911,481
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.1B
Find detailed analytics on 1238 stock on TipRanks’ Stock Analysis page.