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Hong Kong stock market mid-day review: Three major indices fluctuated, the technology index fell 0.65%; oil and telecommunication sector stocks slightly rebounded, while autos and apple supplier concept stocks continued to be sluggish, with Xiaopeng dropp
During the morning session of the Hong Kong stock market, the three major indices had mixed performances. The Hang Seng Index and the HSTECH Index rose by 0.21% and 0.16%, respectively. The Hang Seng Tech Index once fell sharply to 1.9% and closed down 0.65% at noon, showing a weaker performance.
XJ International Prepares Preliminary Terms for Proposed Debt Restructuring; Shares Jump 20%
Hopes Education International (01765.HK) proposes preliminary terms for restructuring, and the stock price has risen by 25% before.
HTE International (01765.HK) announced that regarding the overseas debt restructuring, after considering the current financial situation and the feedback from identified creditors, the company has formulated preliminary terms of the proposed restructuring for further discussion with its creditors. As for the relevant bonds, the expected repayment method for the outstanding debt includes initial cash repayment of a substantial portion of the outstanding amount, which will be funded by the company's fundraising activities; the remaining debt repayment obligation will be paid off in the future through the sale of the company's assets and/or raising other financing resources. The company emphasizes its commitment to fully repay its creditors and has no intention of defaulting on the relevant bonds.
Hong Kong stocks have changed | XiJiao International Holdings (01765) opened nearly 15% higher and has drafted preliminary terms for proposed restructuring.
Xi Jiao International Holdings (01765) opened nearly 15%, and as of press time, it rose by 14.80%, to HKD 0.225, with a turnover of HKD 0.8258 million.
Hysan Development (01765) has formulated preliminary terms for proposed restructuring.
Hysan International Holdings Limited (01765) announced that, taking into account the company's current financial position and the feedback from identified creditors...
Express News | Private high school leader Hope Edu is deeply involved in debt crisis. The company issued another response: it is not a deliberate breach of contract, but is passively in a tight financial situation.
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