Sou Hu Cai Jing·2026-01-19 17:57Group 1 - The core point of the article is that *ST Jingfeng has been accepted for reorganization by the court due to poor management and inability to repay debts, with a restructuring plan involving a significant capital increase through share conversion [1][3] - On January 19, 2026, *ST Jingfeng's stock closed at 7.88 yuan, up 4.23%, with a turnover rate of 2.11% and a trading volume of 185,900 shares, amounting to a transaction value of 143 million yuan [1] - The company reported a net inflow of 12.48 million yuan from main funds on January 19, indicating a clear accumulation trend [3] Group 2 - The restructuring plan includes a capital reserve conversion where every 10 shares will be converted into 10 shares, totaling approximately 880 million shares, all of which will be subscribed by restructuring investors [1][3] - A second creditors' meeting is scheduled for January 29, 2026, to review the draft of the restructuring plan, and a meeting for equity adjustment will also take place on the same day [1][3] - The company has signed investment agreements with multiple restructuring investors and is currently operating normally under the supervision of the administrator [1]