Core Viewpoint - Beijing Construction's privatization and delisting plan has been officially implemented, marking a smooth completion of the process in less than three and a half months [2] Group 1: Privatization Details - The privatization plan proposed by Haoming Holdings was approved by the court and the shareholders' meeting, with the plan taking effect on August 27 [2] - The shares of Beijing Construction will be delisted from the Hong Kong Stock Exchange on August 29 [2] - The privatization offers a premium of 250% over the share price before suspension, with the acquisition price set at HKD 0.14 per share compared to HKD 0.04 prior to suspension [8][9] Group 2: Benefits for Stakeholders - The privatization is seen as a win-win for both the controlling shareholders and minority shareholders, as it allows for greater operational flexibility and cost savings related to maintaining a public listing [4][9] - Minority shareholders will receive a significant premium, and the stock price jumped 220% on the day the privatization plan was announced [4][8] Group 3: Market Context - The real estate sector has faced adjustments, leading to continuous losses for Beijing Construction, which has resulted in a stock price significantly below its net asset value [4][9] - The company has struggled with low liquidity, making it difficult for investors to sell shares at favorable prices, thus the privatization provides an attractive exit opportunity for public shareholders [9] Group 4: Broader Market Trends - A total of 36 companies have delisted from the Hong Kong Stock Exchange this year, with real estate companies making up the largest share of these delistings [11] - Among the delisted companies, 8 are from the real estate sector, with 4 opting for privatization and 4 being canceled [11]
正式生效！又一港股私有化退市，周五摘牌