The court successfully held its first hearing, and Xuhui (00884.HK) is steadily progressing in its business recovery.

According to the financial news app, on April 29th, Country Garden Holdings Group (00884.HK) announced the latest progress of its overseas debt restructuring. According to the Order issued by the Hong Kong High Court on April 23rd, the company plans to open a voting channel for creditors from May 12th to 28th, and expects to hold a creditors' meeting on June 3rd. If the restructuring plan is approved at the meeting, Country Garden will complete the final approval hearing on June 26th.