曾经处在退市边缘的出险房企金科，逐渐走出了阴霾。 *ST金科（000656，原金科股份，下称"金科"）破产重整再现实质进展。近日，该公司发布《关于重整计划资本公积转增股本 事项实施公告》，按照每10股转增10股的比例，实施资本公积转增股本，预计转增52.94亿股，用于引入重整投资人和偿还债 务。这意味着，金科重整计划进入执行阶段。 重整计划进入执行阶段 历时18个月重整，金科的千亿债务包袱等来了"白衣骑士"。 据金科此前披露，在司法重整程序中，金科通过"资本公积转增股票"的方式引进重整产业投资人，并陆续与优质的产业投资人 和10多家财务投资人签订了重整投资协议，各重整投资人计划以26.28亿元总投资款认购30亿股，并已支付全部投资款项。 根据重整计划，26.28亿元重整投资款的支付到位后，需按照后续步骤，进行股份转增登记等事项。 9月8日，金科披露资本公积转增股本方案细节：将对金科股份出资人权益进行调整，按照每10股转增10股的比例，实施资本公 积转增股本，预计转增52.94亿股，转增后公司总股本将增加至106.34亿股。 具体来看，此次转增股本有两方面用途： 在众多出险房企中，金科无疑是幸运的——成为全国首 ...

Core Viewpoint - The successful debt restructuring of Chongqing Xiexin Yuanchuang Industrial Co., Ltd. marks a significant milestone in the real estate sector, demonstrating a replicable model for other companies facing similar challenges [1][12]. Group 1: Chongqing Xiexin Yuanchuang's Restructuring Process - The restructuring process for Chongqing Xiexin Yuanchuang took over three years, beginning with a court ruling in October 2021 and culminating in the approval of the restructuring plan by creditors in April 2025 [3][4]. - The debt involved exceeded 60 billion yuan, with nearly 5,000 creditors participating in the restructuring [4]. - The restructuring plan included cash payments from three investors for equity and asset acquisition, and the establishment of a trust to repay creditors [4][5]. Group 2: Government and Institutional Support - The Chongqing government established a special task force to coordinate efforts among various departments, ensuring compliance and protecting asset values during the restructuring [4][6]. - Central enterprises and local state-owned assets played a crucial role in the restructuring, with CITIC Group providing significant support through its financial services [6]. Group 3: Broader Industry Implications - The successful restructuring of Xiexin Yuanchuang has set a precedent for other real estate companies, accelerating the debt restructuring process across the industry [8][12]. - Other companies, such as Sunac and Shimao, have also seen their debt restructuring plans approved, indicating a broader trend of recovery within the real estate sector [8][10]. - The stabilization of major real estate companies is viewed as a critical indicator of the industry's recovery, contributing to market confidence and economic stability [11][12].