Powerlong Real Estate Adjourns Liquidation Hearing for Restructuring Talks
Powerlong Real Estate Holdings Ltd. has postponed a liquidation hearing for its subsidiary in the British Virgin Islands to negotiate a restructuring support agreement with offshore creditors. The company is involved in property development and management, focusing on residential and commercial projects. The latest analyst rating for its stock (HK:1238) is 'Hold' with a target price of HK$0.50. The company's market cap is HK$1.1 billion, and the technical sentiment signal is 'Sell.'
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Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has shared an update.
Powerlong Real Estate Holdings Ltd. has announced a further adjournment of the liquidation application hearing against its wholly-owned subsidiary in the British Virgin Islands. This delay is intended to allow more time for the company to negotiate a restructuring support agreement with its offshore creditors, highlighting ongoing financial restructuring efforts.
The most recent analyst rating on (HK:1238) stock is a Hold with a HK$0.50 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 Ltd. is a company incorporated in the Cayman Islands, operating in the real estate industry. It is primarily focused on property development and management, with a market focus that includes both residential and commercial real estate projects.
Average Trading Volume: 1,975,376
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.1B
Learn more about 1238 stock on TipRanks’ Stock Analysis page.
