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On December 5th, Country Garden Holdings Co., Ltd. (02007.HK) announced that, pursuant to a court order dated December 4th, 2025, its offshore debt restructuring plan has been approved by the court. A stamped copy of the approval order was submitted to the Registrar of Companies in Hong Kong for registration on December 5th, 2025. Therefore, the effective date of the plan has occurred on December 5th, 2025, in accordance with the terms of the plan. The effective date of the plan is a significant milestone in the implementation of the proposed restructuring. The effective date of the plan is distinct from the effective date of the restructuring. The effective date of the plan is one of the restructuring conditions, while the effective date of the restructuring can only occur after all restructuring conditions have been fulfilled or waived.Canadas labor force participation rate in November was 65.1%, below the expected 65.3% and the previous months 65.30%.Canadas unemployment rate was 6.5% in November, below the expected 7% and the previous months 6.90%.Canada added 63,000 part-time jobs in November, compared with 85,100 in the previous month.On December 5th, Tuojing Technology announced that it plans to jointly invest in Xinfeng Precision with its related party, Fengquan Venture Capital. Tuojing Technology plans to acquire RMB 9.9838 million of registered capital from Xinfeng Precisions original shareholders for no more than RMB 270 million, representing 16.4154% of Xinfeng Precisions registered capital after this round of financing. Fengquan Venture Capital plans to acquire RMB 1.1093 million of registered capital from Xinfeng Precisions original shareholders for RMB 30 million, representing 1.8239% of Xinfeng Precisions registered capital after this round of financing. This transaction involves joint investment with related party Fengquan Venture Capital, constituting a related-party transaction, but does not constitute a major asset restructuring as defined in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This transaction has been approved by the 21st meeting of the second board of directors of the company. Related directors Mr. Lü Guangquan and Ms. Liu Jing abstained from voting. This matter still needs to be submitted to the companys shareholders meeting for review.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."