Thu 06/22/2023 06:31 AM
Shanghai Powerlong Industrial Development Group Co., an onshore subsidiary of Powerlong Real Estate Holdings, has provided a preliminary extension plan to its investors, proposing to further extend the principal payment by one year of its outstanding CNY 480 million ($66.9 million) 7.4% private onshore bond “19 Powerlong 02” due July 15, according to two sources familiar with the situation and a copy of a private announcement dated June 21 viewed by Reorg.
The company is proposing to...
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