Jinke Property holds second creditors' meeting

Jinke Property Group (SZSE:000656) and its subsidiary Chongqing Jinke convened their second creditors' meetings on February 18, 2025, via online conference, following court acceptance of their restructuring application in April 2024. Creditors can vote on resolutions like the restructuring plan until March 31. The company's shares are currently under delisting risk alert, and its 2024 net assets are expected to be negative, which could lead to further delisting risks following its annual report. Jinke Property is undergoing restructuring to optimize its balance sheet and restore profitability, with potential bankruptcy risks if restructuring fails.