Jinke faces delisting risk amid restructuring progress

Jinke Property Group (SZSE:000656) faces a heightened risk of delisting, as indicated in its latest announcement, as the company continues its restructuring process after the Chongqing court accepted its application for reorganization in April 2024. The company's shares have been subject to delisting risk warnings since April 24, 2024. While successful restructuring could stabilize the business, failure could lead to bankruptcy and subsequent delisting, according to Shenzhen Stock Exchange rules.