Powerlong Real Estate Wins Shareholder Backing for Cooperation Agreement at EGM
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Powerlong Real Estate Holdings Ltd. announced that shareholders approved a Cooperation Agreement at an extraordinary general meeting on January 29, 2026, with 99.999835% voting in favor. This resolution grants directors broad authority to implement related transactions, enhancing the company's strategic initiatives. The current analyst rating for Powerlong's stock (HK:1238) is a Hold, with a price target of HK$0.27. Powerlong focuses on real estate development in mainland China and is listed on the Hong Kong Stock Exchange under stock code 1238.
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