POWERLONG (01238): Subsidiary's Winding-Up Petition Withdrawn

Stock News
12/10

POWERLONG (01238) announced that the winding-up petition filed against its wholly-owned subsidiary, POWERLONG (BVI) Holdings Limited, in the British Virgin Islands court has been withdrawn by mutual consent. The withdrawal aims to facilitate the successful implementation of the restructuring in accordance with the terms outlined in the restructuring support agreement.

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