突发！大悦城地产拟退市

Core Viewpoint - Daxiyucheng Real Estate (0207.HK) plans to privatize and delist by repurchasing shares at a total cost of approximately HKD 29.32 billion, offering HKD 0.62 per share to shareholders excluding the company and DeMao Limited [2][5]. Group 1: Privatization and Share Repurchase - Daxiyucheng Real Estate intends to repurchase shares through an agreement, with a total repurchase amount of about HKD 29.32 billion [2][5]. - The share price offered for the repurchase is HKD 0.62 per share, which is higher than the last closing price of HKD 0.37 before suspension [5][11]. - Following the completion of the transaction, Daxiyucheng's ownership in Daxiyucheng Real Estate will increase from 64.18% to 96.13% [5][6]. Group 2: Business Operations and Market Position - Daxiyucheng Real Estate focuses on developing, operating, and managing urban complexes under the Daxiyucheng brand, with a presence in 24 cities including major ones like Beijing, Shanghai, and Guangzhou [9]. - The company has diversified its operations into four main business segments: investment properties, property development, hotel operations, and management services [9]. - Daxiyucheng Real Estate's projects are strategically located in prime areas of first- and second-tier cities, enhancing their market competitiveness [9]. Group 3: Financial Performance and Strategic Goals - For the first half of 2025, Daxiyucheng expects a net profit attributable to shareholders of between HKD 80 million and HKD 120 million, indicating a turnaround from previous losses [11]. - The company has faced significant financial challenges, with a notable decline in net profit since 2020, leading to a strategic focus on optimizing governance and organizational structure [11][10]. - The privatization move is seen as a strategic response to market conditions, aimed at improving management efficiency and resource allocation across different business segments [10][8].