The Zhitong Finance App learned that Yiju Enterprise Holdings (02048) rose more than 40%. As of press release, it had risen 40.48% to HK$0.059, with a turnover of HK$1,263,200.

According to the news, on October 13, Yiju Enterprise Holdings issued an announcement announcing that the Cayman Islands Supreme Court has approved the Cayman plan previously concluded by the company with the plan's creditors. Meanwhile, all conditions of the Cayman Plan have been met, and the effective date of the Cayman Plan is October 9, 2026. So far, the effective date of the Hong Kong Plan will be held on September 28 and the effective date of the Cayman Plan will be held on October 9.

Yi Ju stated that the reorganization will still have to be satisfied or exempted from the remaining conditions set out in section 6.1 of these plans and section 6.13 of the interpretative declaration before it can be implemented. The company will issue a separate notice in due course to inform shareholders and investors of significant developments, including the effective date of the restructuring.

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