Jinke Property Group shares to resume trading after capital reserve increase
Jinke Property Group announced its shares will resume trading on the Shenzhen Stock Exchange on September 12, 2025, under the ticker *ST Jinke (000656). The company confirmed that its total share capital will increase to 10,634,081,632 shares after the transfer of 5,294,365,816 shares from capital reserves.
The ex-right reference price for the first trading day following the capital reserve conversion will not be adjusted. This decision is based on the closing price of RMB 1.45 per share on September 10, 2025, which is lower than the calculated average price of RMB 3.30 per share for the capital reserve conversion.
The capital reserve conversion is part of a broader restructuring plan, which includes the introduction of RMB 2,628,000,000.00 from investors and the use of RMB 14,821,603,171.36 in shares to repay company debts. The company has warned of potential delisting risks if it fails to implement the restructuring plan as approved by the court.
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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