Jinke property group adjusts share capital in restructuring, warns of delisting risk

Jinke Property Group is implementing a capital reserve to share capital increase following its court-approved restructuring plan. The company will issue 5,294,365,816 new shares, increasing its total share capital to 10,634,081,632 shares. This adjustment, based on a 10-for-10 share transfer ratio from a base of 5,294,365,816 shares (after deducting repurchased shares), aims to introduce new investors and settle debts. The equity registration date is set for September 11, 2025, with the shares listed on September 12, 2025.

The new shares will be allocated as follows: 3,000,000,000 shares for new investors (with 1,200,000,000 shares for industrial investors at yuan 0.63 per share and 1,800,000,000 shares for financial investors at yuan 1.04 per share) and 2,294,365,816 shares to settle debts. The average price for this capital increase is calculated at yuan 3.30 per share.

Share trading will be suspended on September 11, 2025, and resume on September 12, 2025. Investors are advised of potential risks, including the possibility of share price falling below face value, which could lead to delisting. The company's stock is already under delisting risk warnings due to negative net assets and continuous losses.