Jinke Property restructuring: Delisting risk remains

Jinke Property Group (SZSE: 000656) is progressing with its restructuring after the Chongqing Fifth Intermediate People's Court accepted its application on April 22, 2024. The company's shares have been subject to delisting risk warnings since April 24, 2024. A restructuring plan has been proposed, with a creditors' meeting to be held on February 18, 2025. However, failure to successfully restructure would lead to a bankruptcy declaration, potentially resulting in delisting. Jinke's 2024 financial results are expected to show negative net assets, which could trigger further delisting risk warnings. The company advises investors to be cautious.