Powerlong Real Estate Wins Majority Creditor Backing Ahead of March Court Hearing on Debt Restructuring
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Powerlong Real Estate Holdings Ltd. has secured strong creditor support for its offshore debt restructuring, with over 85.48% of scheme debt holders agreeing to the restructuring support agreement. A Hong Kong High Court hearing is scheduled for 19 March 2026 to convene a scheme meeting for creditor voting. Shareholders are advised to exercise caution during the restructuring process. The latest analyst rating for the stock is a Sell with a HK$0.23 price target.
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