Jinke Property's leadership faces regulatory scrutiny, fines

Jinke Property Group (SZSE:000656) announced that its actual controller, Huang Hongyun, and holding company, Jinke Investment Holding, have received prior notice of administrative penalties from the CSRC. The penalties stem from alleged violations related to the failure to disclose the risk of mandatory stock transfers and the untimely disclosure of changes in equity. The CSRC intends to issue a warning and impose a fine of CNY 1.5 million on Jinke Investment Holding, while Huang Hongyun faces a warning and a fine of CNY 2.1 million. Jinke Property emphasizes that the matter will not materially impact its restructuring plan or production activities, stating the company will continue to advance its restructuring efforts. Jinke Property has issued a warning to investors regarding potential risks involved in its stock.