Powerlong Real Estates | Sustainability Performance
Engages in property development, commercial operations, and real estate investment.
1990
China
501 - 1,000 employees
Real Estate
$1B - 10B in revenue
Not profitable
Sustainability Ranking & Industry Benchmark
#13348
Overall#1070
in China#588
in Real EstateSustainability Maturity
Sustainability Intent
Overview
Controversy level
- Powerlong Real Estate Holdings Limited, Hong Konglisted major Chinese mall/commercial property developer (Hoi family controlled), defaulted on USD 500+ million offshore bonds in March 2023 amid the broader Chinese property crisis (Evergrande, Country Garden, Kaisa), with sustained Hong Kong creditor scrutiny over the Hoi family controlling shareholder governance affecting offshore institutional bondholder recoveries.
