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An update from Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) is now available.
Powerlong Real Estate Holdings has outlined progress on a suite of measures aimed at easing its liquidity pressure and addressing a going-concern disclaimer of opinion from its auditor. The company has secured the dismissal, by consent order, of a liquidation petition against a key BVI subsidiary, advanced an offshore debt restructuring with more than 85% of scheme creditors now supporting a restructuring support agreement, and scheduled a Hong Kong court hearing in March 2026 to convene a creditors’ meeting for the proposed scheme. Management reports active refinancing negotiations with lenders, including repayment of about RMB1.687 billion in borrowings, refinancing of roughly RMB4.068 billion, and extensions on fifteen loans totaling about RMB827 million, alongside accelerated property sales that have achieved over 80% of the firm’s sales target for the period and a 5.6% reduction in headcount to cut staff costs. Collectively, these steps are intended to stabilise the group’s cash flow, improve its capital structure and bolster its case for removal of the going-concern disclaimer, while signaling to shareholders and creditors that the developer is actively pursuing a holistic solution to its financial stress.
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 Chinese property developer incorporated in the Cayman Islands and listed in Hong Kong, focusing on the development and sale of property projects, including properties under development and completed properties in mainland China. The group also engages in property investment and related activities, with financing largely dependent on onshore and offshore borrowings and capital markets access.
Average Trading Volume: 1,427,389
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.02B
Find detailed analytics on 1238 stock on TipRanks’ Stock Analysis page.