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Real-time News
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.
