金科股份重整完成黄红云失去控制权

Core Viewpoint - Kinko Co., Ltd. has undergone a significant restructuring, marking the largest restructuring case in China's real estate industry, while its founder, Huang Hongyun, is stepping back from control of the company [2][10]. Group 1: Restructuring Details - The restructuring process is nearing completion, with the transfer of 3 billion shares to designated entities of restructuring investors [5]. - A total of 30 billion shares were transferred, with 12 billion shares going to industrial investors and 18 billion shares to financial investors [6]. - The total share capital increased from 5.339 billion shares to 10.634 billion shares, resulting in Huang Hongyun's shareholding being diluted from 14.51% to 7.29%, losing control of the company [6][9]. Group 2: Changes in Governance - The company will initiate a board of directors' re-election, with the Shanghai Pinqi consortium entitled to nominate seven directors, including independent directors [8]. - Following the board re-election, the controlling shareholder will shift from Kinko Holdings to the new major shareholders, with no actual controller remaining [9]. Group 3: Historical Context - Huang Hongyun founded Kinko Group 27 years ago and has been a prominent figure in the company, but now he must relinquish control [4]. - Kinko was one of the few listed real estate companies in China to initiate its own restructuring, which began in April 2024 [10]. - The company had previously achieved significant growth, reaching a sales scale of 223.2 billion yuan in 2020 and ranking 16th in the industry [24].