Jinke Property: Delisting risk remains amid restructuring
Jinke Property Group (SZSE:000656) has issued a risk warning to investors, cautioning that its shares could be delisted. The warning comes as the company progresses through restructuring, following the Chongqing Fifth Intermediate People's Court's acceptance of its restructuring application on April 22, 2024. The company's shares have been subject to a delisting risk alert since April 24, 2024. Jinke is working to implement a restructuring plan, which could improve its balance sheet and profitability, however, failure could result in bankruptcy and subsequent delisting. The company also anticipates a negative net asset value for 2024. Further, Jinke is holding a second meeting of creditors on March 31, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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