thementalgameofpoker| Reorganization manager confirmed! Jinke Shares: Fully cooperate and strive to complete the reorganization as soon as possible

Beijing News (Reporter Yuan Xiuli) On May 21, Jinke Co., Ltd. issued "About Court Appointed ManagersthementalgameofpokerAnnouncement "stated that recently, the company and Chongqing Jinke received decisions (2024) Yu 05 Po No. 117 and (2024) Yu 05 Po No. 118 respectively from the Fifth Intermediate People's Court of Chongqing City, appointing the Shanghai Branch of Beijing City Jindu Law Firm and the Chongqing Branch of Lixin Certified Public Accountants (special general partner) to jointly serve as the managers of Jinke and Chongqing Jinke, and Dai Qing is the person in charge of the managers. Jinke Co., Ltd. stated that it fully cooperates with the court and administrators to promote reorganization-related work and strives to complete the reorganization as soon as possible.

It is reported that the results of the selection of the administrator of the Jinke Stock Corporation bankruptcy reorganization case were announced on the official website of the Fifth Intermediate People's Court of Chongqing City on May 16. The court will perform after determining the reorganization of Jinke Stock Corporation and the list of alternative managers.thementalgameofpokerInternal approval procedures were established. On May 21, Jinke officially announced after receiving the formal ruling document issued by the Fifth Intermediate People's Court of Chongqing City.

As the body designated by the court to handle reorganization matters, the administrator is the main promoter of the reorganization process and the specific executor of reorganization matters. Therefore, the strength and relevant experience of the manager are crucial. According to public information, King & Wood Law Firm has undertaken and participated in debt restructuring cases of large enterprises including HNA Group, Ziguang Group, Bohai Steel, etc. Lixin Certified Public Accountants provides auditing and related services to large central enterprises, state-owned groups, banks, securities companies, etc.

In addition, CICC, as the financial consultant for the Jinke Reorganization Case, has been assisting in promoting the company's reorganization and introducing war investment matters. In recent years, China International Capital Corporation has participated in a large number of high-profile and influential restructuring projects, such as Tsinghua Unigroup and Peking University Founder.

In this regard, Jinke believes that with the participation and support of a professional team, the reorganization of Jinke is expected to advance rapidly and achieve satisfactory results from all parties.

"During the reorganization period, we will fully cooperate with courts and administrators to promote restruction-related work, strive to complete the reorganization as soon as possible, maintain local social and financial stability, ensure that the goal of 'guaranteed delivery of buildings' is achieved as scheduled, restore a virtuous cycle of the company's production and operation as soon as possible, and improve The company's investment value protects the legitimate rights and interests of investors." Jinke Co., Ltd. stated that once the reorganization plan is approved by the court, the principal of Jinke Co., Ltd.'s debt will be significantly reduced. The most important thing is that with the injection of funds or resources from strategic investors, it will help Jinke Co., Ltd. optimize its asset-liability structure and improve its ability to continue operations.

Jinke Co., Ltd. is the first large-scale nationally listed real estate company to officially enter the reorganization process of A-shares in recent years. April 27thementalgameofpoker, Chongqing City Government and Municipal High Court held a special promotion meeting for the judicial reorganization of Jinke Shares, requiring special work teams to do everything they can and do, further increase assistance to Jinke, fully support the successful reorganization of Jinke, and build the reorganization of Jinke into an example of industry risk resolution.

(Article source: Beijing News)

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