BRIEF-Powerlong Real Estate Enters RSA With Initial Participating Creditors

Reuters02-23

Feb 23 (Reuters) - Powerlong Real Estate Holdings Ltd

* ENTERED INTO RSA WITH INITIAL PARTICIPATING CREDITORS

* IN RSA CO TO PERFORM ALL ACTIONS NECESSARY TO SUPPORT, FACILITATE, IMPLEMENT RESTRUCTURING

* SEES AGGREGATE CASH GENERATED FROM SALES OF INVESTMENT PROPERTIES FROM Q4 2023 TO END OF 2032 TO BE RMB4,906 MILLION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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