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Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
Powerlong Moves Forward With Debt Solution Plan
Powerlong (01238) will issue mandatory convertible bonds with a total principal amount of up to approximately 0.558 billion US dollars to relevant planned bondholders.
Powerlong Real Estate (01238) announced that at the hearing held on July 18, 2024, the court instructed: (1...
Express News | Powerlong Real Estate - Will Issue Mandatory Convertible Bonds in Principal Amount of up to US$558.2 Mln
Express News | Powerlong Real Estate - Scheme Meetings Are Currently Planned to Be Held in Early October 2024
Express News | Powerlong Real Estate - Court Directed Co at Liberty to Convene Meetings for Considering Scheme of Arrangement Between Co and Scheme Creditors
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