Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has issued an announcement.
Powerlong Real Estate Holdings Limited announced that its restructuring scheme has lapsed as certain conditions were not met by the Longstop Date of February 28, 2025. Despite this setback, the company remains committed to finding a holistic solution to its liquidity issues and has engaged Alvarez & Marsal Corporate Finance Limited as a financial advisor to explore feasible options with creditors. The company is seeking cooperation and patience from its offshore creditors to develop an optimal debt solution.
More about Powerlong Real Estate Holdings Ltd.
Powerlong Real Estate Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the real estate sector. It focuses on developing and managing commercial and residential properties, with a market presence in Hong Kong.
YTD Price Performance: 13.64%
Average Trading Volume: 2,233,004
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.07B
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