POWERLONG (01238) announced an update regarding the winding-up petition filed against its wholly-owned subsidiary, POWERLONG (BVI) Holdings Limited, in the British Virgin Islands court. The hearing for the winding-up petition has been further adjourned by mutual consent to December 15, 2025 (or the next available hearing date before March 4, 2026). The additional adjournment aims to provide the company and its subsidiaries with more time to negotiate and finalize a restructuring support agreement with its offshore creditors.
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