10 Micro-, Small-Cap Companies Lead Monday’s Charge

6. Xinyuan Real Estate Co. Ltd. (NYSE:XIN)

Xinyuan grew its share prices by 41.98 percent on Monday to close at $2.3 apiece following news that it reached a settlement agreement with creditors following an involuntary bankruptcy petition.

On April 14, XIN’s creditors filed an involuntary Chapter 11 bankruptcy petition against the company with the United States Bankruptcy Court for the Southern District of New York.

As of Monday, April 21, XIN said it had already reached a settlement agreement with the creditors, agreeing to request a suspension of proceedings for 14 days.

According to XIN, the settlement aims to dismiss the Chapter 11 case and elaborate on its efforts to stabilize its financial situation.

Additionally, XIN is planning to restructure its debt obligations, and it is preparing to file its 2024 annual report this month.

XIN is a Chinese real estate developer with a significant market presence in urban areas across China.