Court Dismisses Liquidation Application Against Powerlong Real Estate Unit

MT Newswires Live

12/11

Powerlong Real Estate (HKG:1238) said a British Virgin Islands court has dismissed a liquidation application against its wholly owned unit, Powerlong Real Estate (BVI), according to a Wednesday Hong Kong bourse filing.

The dismissal was made via a consent order agreed between the parties to facilitate the implementation of the group's restructuring, the filing added.

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