Jinke Property Group Sees Reorganization Delisting Risk Lifted,
MT Newswires Live12-26
The Shenzhen bourse approved the removal of a delisting risk warning tied to
Jinke Property Group's (SHE:000656) court-led reorganization, following completion of its restructuring plan.
The change takes effect Dec. 26, according to a Friday filing with the Shenzhen bourse.
The warnings remain in place due to the company's negative net assets at the end of 2024 and three consecutive years of losses, alongside concerns over its going-concern ability.
Shares of the property company closed 1% lower Friday.
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