Group 1 - Shenyang Bank announced plans to exit the capital market through a cash offer to acquire all remaining H-shares and domestic shares, aiming for delisting from the Hong Kong Stock Exchange [1] - The acquisition is expected to cost approximately 6.652 billion RMB, with 2.967 billion HKD allocated for H-shares and 3.929 billion RMB for domestic shares [1] - The offer price for H-shares is set at 1.32 HKD per share, representing a premium of about 15.79% over the last trading day's closing price, but an 86.49% discount compared to the estimated net asset value per share by the end of 2024 [1][2] Group 2 - Shenyang Bank provided two main reasons for the delisting: to offer shareholders better investment exit opportunities due to poor stock performance and to optimize resource allocation by reducing costs associated with maintaining a listing [2] - The bank's financial performance has been declining, with 2024 revenue at 8.577 billion RMB, down 14.57% year-on-year, and net profit at 621 million RMB, down 15.21% year-on-year [2] - The trend of delisting among Northeast China's banks is notable, with only Harbin Bank remaining listed, while Jinzhou Bank and JiuTai Rural Commercial Bank have already completed their delisting processes [2][4] Group 3 - Jinzhou Bank's delisting was completed in April 2024 after being acquired by Liaoning Financial Holdings Group, while JiuTai Rural Commercial Bank followed suit with a cash offer from Jilin Financial Holdings [4] - The delisting of Shenyang Bank marks a significant shift in the landscape of listed banks in Northeast China, with Harbin Bank's future performance and strategic choices now under scrutiny [4] - The competitive and regulatory environment in the banking sector is intensifying, raising questions about Harbin Bank's ability to maintain its listing status [4]
东北盛京银行将挥别港交所，东北地区上市银行退市潮引关注