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Jinke Smart Services Announces Share Auction to Settle Debt

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Jinke Smart Services Announces Share Auction to Settle Debt

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Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ) has provided an update.

Jinke Smart Services Group Co., Ltd. announced that 107,797,875 of its shares, owned by Jinke Property Group Co., Ltd., will be auctioned to satisfy Jinke Property’s debt to Broad Gongga Investment Pte. Ltd. This auction, overseen by Chongqing Fifth Intermediate People’s Court, will reduce Jinke Property’s shareholding to 9.24% of the total issued share capital. The auction process, not yet finalized, is not expected to adversely impact the company’s operations.

More about Jinke Smart Services Group Co., Ltd. Class H

Jinke Smart Services Group Co., Ltd. is a company incorporated in the People’s Republic of China with limited liability, operating in the smart services industry. The company, along with its subsidiaries, focuses on providing intelligent services likely related to property management and associated areas.

YTD Price Performance: -6.26%

Average Trading Volume: 424,585

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$4.2B

For detailed information about 9666 stock, go to TipRanks’ Stock Analysis page.

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