Shares of E-HOUSE ENT (02048) staged a dramatic rally in the afternoon session, climbing as much as 225% before paring gains. At last check, the stock was trading up 171.43% at HK$0.076, with turnover reaching HK$15.97 million.
The surge follows the company's release of its 2026 interim results on Tuesday evening. The group reported revenue of RMB 813 million, a decline of 35.54% year-on-year, but swung to a profit attributable to owners of RMB 45.245 million, compared with a loss of RMB 298 million in the same period last year.
In a separate announcement, the board revealed that Ding Zuyu has tendered his resignation as executive director to devote more time to other business commitments, effective August 31. He has confirmed there are no disagreements with the board and no matters relating to his resignation that require shareholders' attention.
Notably, the company has achieved a significant milestone in its offshore debt restructuring efforts. Both the Hong Kong scheme and the Cayman Islands scheme have received overwhelming approval from the required majority of plan creditors. The sanction hearings for the Hong Kong scheme and the Cayman Islands scheme are scheduled for September 11, 2026, and October 9, 2026, respectively.
The company stated it will continue its tireless efforts and expects to complete the debt restructuring successfully and on schedule.
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