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An update from Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) is now available.
Powerlong Real Estate Holdings Limited announced that the liquidation application against its wholly-owned subsidiary, Powerlong Real Estate (BVI) Holdings Limited, has been dismissed. This dismissal, achieved through a consent order, facilitates the successful implementation of the company’s restructuring plan, as outlined in their restructuring support agreement. This development is significant for the company’s operational stability and may impact its market positioning positively, though stakeholders are advised to exercise caution and seek professional advice when dealing with the company’s securities.
The most recent analyst rating on (HK:1238) stock is a Sell with a HK$0.23 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 company incorporated in the Cayman Islands, primarily engaged in real estate development and management. The company operates in the real estate industry, focusing on property development, investment, and management, with a market presence in Hong Kong and other regions.
Average Trading Volume: 1,605,222
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.01B
For an in-depth examination of 1238 stock, go to TipRanks’ Overview page.