Jinke Properties Group Co., a Chinese developer, is preparing to announce its court-supervised debt restructuring plan in the coming weeks. This is a significant development in the ongoing property crisis in China, as it will be the first such plan for a major builder since the crisis began.

The proposed plan includes cash payments of up to 50,000 yuan (approximately $6,902.80) to each bondholder. The company also plans to address the remaining debt through options such as a debt-to-equity swap and a trust product, as part of its strategy to stabilize its financial position and regain the trust of investors.

The debt restructuring plan aims to provide relief to bondholders by offering cash payments and exploring alternative options to manage the remaining debt. By implementing this plan, Jinke Properties Group Co. hopes to stabilize its financial position and rebuild investor confidence in the midst of the property crisis in China.