---
title: "ST JINKE: Restructuring plan approved by the court"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241857084.md"
description: "The reorganization plan of *ST JINKE and its wholly-owned subsidiary Chongqing Jinke has been approved by the Fifth Intermediate People's Court of Chongqing, and the reorganization procedure has been terminated. The company will optimize its asset-liability structure to restore profitability, but if the reorganization fails, it will face bankruptcy and delisting risks. Industrial and financial investors have paid a performance bond of 552 million yuan. The company's net assets at the end of 2024 will be negative, and its stock has been subjected to delisting risk warnings"
datetime: "2025-05-26T12:24:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241857084.md)
  - [en](https://longbridge.com/en/news/241857084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241857084.md)
generator: "portal-rs"
---

# ST JINKE: Restructuring plan approved by the court

\*ST JINKE announced that the company and its wholly-owned subsidiary Chongqing Jinke received the "Civil Ruling" delivered by the Chongqing Fifth Intermediate People's Court, which ruled to approve the "Jinke Co., Ltd. Restructuring Plan" and the "Chongqing Jinke Restructuring Plan," and to terminate the restructuring procedure. During the execution phase of the restructuring plan, the company will optimize its asset-liability structure and restore sustainable profitability. If the restructuring fails, the company faces bankruptcy risk, and the stock will be at risk of delisting. In the restructuring investment agreement, industrial investors and financial investors have paid a total of 552 million yuan in the second phase of the performance bond. The company's net assets at the end of 2024 are negative, and the stock has been subjected to delisting risk warning

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**