Jinke Services shares face fourth auction attempt
Jinke Property Group (SZSE:000656) is proceeding with the fourth auction of 107,797,875 shares of its affiliated company, Jinke Smart Services Group, scheduled for March 29-30 on the Taobao online auction platform. This follows three prior unsuccessful auctions. Additionally, 32,680,000 Jinke Services shares pledged to Oriental Yuhong and 22,000,000 shares pledged to Chongqing Zhongxun Jintong Investment will be auctioned on the JD.com bankruptcy auction platform. These auctions are part of Jinke Property's restructuring efforts and are being carried out by the administrator in accordance with bankruptcy law and at the request of secured creditors. The starting price for the fourth auction of the 107,797,875 shares is RMB 6.19 per share, totaling RMB 666,835,067.60. The auctions of the other shares will begin at RMB 10.21 per share. Jinke Property cautions investors regarding uncertainties in the auction process.
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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