HK Stock Market Move | E-HOUSE ENT (02048) surges over 40% as both offshore debt restructuring plans take full effect.

E-HOUSE ENT (02048) surged over 40%, rising 40.48% as of press time to HK$0.059, with a turnover of HK$1.2632 million. On the news front, on October 13, E-HOUSE ENT issued an announcement declaring that the Grand Court of the Cayman Islands has approved the Cayman Plan previously entered into between the company and the plan creditors. At the same time, all conditions of the Cayman Plan have been satisfied, and the effective date of the Cayman Plan is October 9, 2026. With this, both the effective date of the Hong Kong Plan on September 28 and the effective date of the Cayman Plan on October 9 have arrived. E-HOUSE stated that the restructuring remains subject to the satisfaction or waiver of the remaining conditions set out in Clause 6.1 of the plans and Section 6.13 of the explanatory statement, and the company will issue further announcements in due course to inform shareholders and investors of significant developments, including the restructuring effective date.