Powerlong Real Estate: Liquidation application dismissed, aiding restructuring

Powerlong Real Estate Holdings Limited reported that the liquidation application filed in the British Virgin Islands court against its wholly-owned subsidiary, Powerlong Real Estate (BVI) Holdings Limited, has been dismissed. The dismissal was by way of a consent order agreed between the parties, aimed at facilitating the successful implementation of the company's restructuring support agreement (RSA).

This update follows previous announcements made by the company on 7 March 2025, 31 March 2025, 12 May 2025, 14 July 2025, and 14 November 2025, concerning the liquidation application. Additional announcements on 13 October 2025 and 28 November 2025 provided further details on the restructuring support agreement. The company's board is led by chairman Hoi Kin Hong.