Powerlong Real Estate Holdings Announces Restructuring Agreement with Major Creditors
Reuters
Oct 13
Powerlong Real Estate Holdings Announces Restructuring Agreement with Major Creditors
Powerlong Real Estate Holdings Ltd. announced significant progress on its holistic solution to resolve liquidity issues, including entering into a Restructuring Support Agreement (RSA) with a group of creditors holding approximately 31% of the outstanding principal of the Scheme Debt. The company is inviting additional creditors to join the agreement as it works towards a comprehensive restructuring plan.
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