Powerlong Real Estate (1238) Plans Disposal of 25% Stake in Powerlong CM (9909) for HK$360.83 million

Bulletin Express

Feb 26

Powerlong Real Estate Holdings Limited (stock code 1238) announced a major and connected transaction related to the sale of 160.73 million shares—equivalent to 25%—of Powerlong Commercial Management Holdings Limited (stock code 9909). The proposed transaction’s total consideration is approximately HK$360.83 million, derived from a reference price per share adjusted by a 10% discount.

After the disposal, Powerlong Real Estate’s stake in Powerlong CM will reduce from 63.00% to 38.00%. Powerlong CM will remain a non-wholly owned subsidiary under the continuing control of Powerlong Real Estate. The proceeds are expected to support the group’s offshore debt restructuring efforts and overall liquidity management. An extraordinary general meeting to seek shareholders’ approval for the disposal is scheduled for 18 March 2026.

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The proposed transaction’s total consideration is approximately HK$360.83 million, derived from a reference price per share adjusted by a 10% discount.</p>\n<p>After the disposal, Powerlong Real Estate’s stake in Powerlong CM will reduce from 63.00% to 38.00%. Powerlong CM will remain a non-wholly owned subsidiary under the continuing control of Powerlong Real Estate. The proceeds are expected to support the group’s offshore debt restructuring efforts and overall liquidity management. An extraordinary general meeting to seek shareholders’ approval for the disposal is scheduled for 18 March 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01238","symbol_name":"宝龙地产","start_time":0,"source_url":"","article_id":"1111267457","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111267457","pubTimestamp":1772061865,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Powerlong Real Estate Holdings Limited (stock code 1238) announced a major and connected transaction related to the sale of 160.73 million shares—equivalent to 25%—of Powerlong Commercial Management...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01238":"宝龙地产"},"translate_title":"宝龙地产(1238)拟3.6083亿港元出售宝龙CM(9909)25%股权","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01238":1},"content_text":"Powerlong Real Estate Holdings Limited (stock code 1238) announced a major and connected transaction related to the sale of 160.73 million shares—equivalent to 25%—of Powerlong Commercial Management Holdings Limited (stock code 9909). 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