Powerlong Real Estate Holdings Ltd., along with its financial and legal advisers, is actively engaging with offshore creditors to pursue a comprehensive restructuring of its offshore debts. This move aims to alleviate liquidity pressures and provide the company with the necessary financial flexibility for recovery. The hearing for the liquidation application against its subsidiary, Powerlong Real Estate (BVI) Holdings Limited, has been rescheduled to July 21, 2025, following a consent order. The company is committed to maintaining business stability and will continue to update stakeholders on any significant progress. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.