Core Viewpoint - Shengjing Bank announced a comprehensive cash offer to acquire all circulating H-shares and domestic shares, with the aim of delisting from the Hong Kong Stock Exchange after the acquisition is completed [2][3] Group 1: Acquisition Details - Shengjing Bank plans to acquire H-shares for HKD 29.67 billion and domestic shares for CNY 39.29 billion [2] - The acquisition price represents a significant premium compared to the last trading price before the suspension [2] Group 2: Rationale for the Offer - The offer aims to provide shareholders with better investment realization opportunities, as Shengjing Bank's stock price has decreased by 4.20% while the Hang Seng Index and the Hang Seng Mainland Bank Index increased by 30.05% and 28.39%, respectively [2] - The low trading volume of Shengjing Bank's H-shares has limited its ability to effectively raise funds in the equity market, making the current listing status no longer a viable financing channel [2] Group 3: Benefits of Delisting - Delisting will save costs associated with maintaining the listing status and allow resources to be reallocated to business operations, enhancing regional advantages and promoting high-quality development [3] - The move will enable the bank to focus on its business development direction, fostering sustainable and healthy growth [3]
盛京银行拟从H股退市