POWERLONG CM (09909): Controlling Shareholder May Sell Company Shares

Stock News

Oct 13

POWERLONG CM (09909) announced that it has been notified by its controlling shareholder, Powerlong Real Estate Holdings Limited (Powerlong Real Estate), that Powerlong Real Estate entered into a restructuring support agreement on October 10, 2025, regarding its proposed offshore debt restructuring (Powerlong Real Estate Restructuring).

According to the terms and conditions related to the Powerlong Real Estate Restructuring, subject to (among other things) the execution of definitive documents, the restructuring consideration will comprise one or more combinations as selected by the scheme creditors, including but not limited to: (i) the sale or pledge of the Company's shares by Powerlong Real Estate to fully or partially fund a total cash amount of USD 40 million; and (ii) the transfer of the Company's shares by Powerlong Real Estate to scheme creditors (equivalent to no more than 32.4% of the Company's outstanding shares).

As of the date of this announcement, Powerlong Real Estate holds 405 million shares of the Company through its wholly-owned subsidiaries, representing approximately 63% of the Company's outstanding shares. The Company expects that the Powerlong Real Estate Restructuring will not have any adverse impact on the operations of the Company and its subsidiaries.

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The Company expects that the Powerlong Real Estate Restructuring will not have any adverse impact on the operations of the Company and its subsidiaries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1258","symbol_name":"房地产运营公司","start_time":0,"source_url":"","article_id":"1105851411","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105851411","pubTimestamp":1760309294,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"POWERLONG CM (09909) announced that it has been notified by its controlling shareholder, Powerlong Real Estate Holdings Limited (Powerlong Real Estate), that Powerlong Real Estate entered into a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1258":"房地产运营公司","BK1229":"房地产经营公司","BK1542":"内地物业管理股","09909":"宝龙商业"},"translate_title":"宝龙CM(09909)：控股股东或出售公司股份","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09909":1},"content_text":"POWERLONG CM (09909) announced that it has been notified by its controlling shareholder, Powerlong Real Estate Holdings Limited (Powerlong Real Estate), that Powerlong Real Estate entered into a restructuring support agreement on October 10, 2025, regarding its proposed offshore debt restructuring (Powerlong Real Estate Restructuring).\nAccording to the terms and conditions related to the Powerlong Real Estate Restructuring, subject to (among other things) the execution of definitive documents, the restructuring consideration will comprise one or more combinations as selected by the scheme creditors, including but not limited to: (i) the sale or pledge of the Company's shares by Powerlong Real Estate to fully or partially fund a total cash amount of USD 40 million; and (ii) the transfer of the Company's shares by Powerlong Real Estate to scheme creditors (equivalent to no more than 32.4% of the Company's outstanding shares).\nAs of the date of this announcement, Powerlong Real Estate holds 405 million shares of the Company through its wholly-owned subsidiaries, representing approximately 63% of the Company's outstanding shares. 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