POWERLONG (01238.HK) Greenlighted by Court to Convene Meeting w/ Creditors

　　POWERLONG (01238.HK) -0.030 (-4.478%) announced that at the convening hearing held on 18 July 2024, the High Court of Hong Kong has directed the company to be at liberty to convene meetings for each class of the scheme creditors for the purpose of considering and, if thought fit, approving a scheme of arrangement to be made between the company and the scheme creditors. The substantive hearing of the petition at which the Court will determine whether or not to sanction the scheme be held on 29 October 2024 at the Court.

　　The scheme meetings are currently planned to be held in early October 2024. A formal notice of the meetings containing further details will be issued by the company at least 21 days before the meetings as prescribed in the order of the convening hearing.

　　(HK stocks quote is delayed for at least 15 mins.)