• Powerlong Real Estate set a June 12, 2026 EGM to seek shareholder approval for a debt restructuring package tied to its offshore scheme.
• Plan includes issuing up to US$ 1.2 billion of Mandatory Convertible Bonds, convertible into up to 4,074,782,608 shares at HK$ 2.3 per share.
• Conversion shares would equal about 98.42% of current share capital, leaving them at about 49.6% of the enlarged base on full conversion.
• Hong Kong court sanction hearing for the scheme scheduled for June 17, 2026, following creditor approval at a May 12, 2026 meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerlong Real Estate Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Z0VCM4C5O9MH0N0B) on May 28, 2026, and is solely responsible for the information contained therein.