CASIN(SZ:000838) Shang Hai Zheng Quan Bao·2026-01-09 21:42Core Viewpoint - The announcement details the postponement of the second creditors' meeting for the bankruptcy reorganization of the controlling shareholder, Caixin Real Estate, and its indirect controlling shareholder, Caixin Group, indicating ongoing restructuring efforts and the need for further creditor approvals [3][6]. Group 1: Bankruptcy Reorganization Overview - Caixin Real Estate and Caixin Group have applied for pre-reorganization and completed the filing with the Chongqing Fifth Intermediate People's Court [3]. - The court accepted the reorganization applications for both Caixin Real Estate and Caixin Group on February 24, 2025 [3]. - The first creditors' meeting was held on May 30, 2025, with all proposals approved [4]. Group 2: Second Creditors' Meeting Postponement - The second creditors' meeting, initially scheduled, has been postponed due to some creditors not completing internal approval processes [6]. - The new deadline for the voting on two proposals has been extended to February 9, 2026 [6]. Group 3: Impact on the Company - Caixin Real Estate holds 398,920,794 shares of the company, representing 36.25% of the total share capital, all of which are pledged and frozen [6]. - An investor is expected to acquire between 20% to 29.99% of the company's shares, which could lead to changes in the company's shareholding structure and control [6]. - The reorganization plan must be approved by the creditors' meeting and the court, indicating potential uncertainties in the approval process [7].