交投低迷 年内20家港股公司私有化退市

Core Viewpoint - The Hong Kong-listed company Changhong Jiahua has resumed trading and experienced a significant stock price increase of 23.91% following the announcement of its privatization plan by its parent company Sichuan Changhong [1][2] Group 1: Company Overview - Changhong Jiahua is a key subsidiary of Sichuan Changhong, primarily engaged in ICT products, solutions, and digital intelligent comprehensive services [1] - Despite the recent stock price surge, Changhong Jiahua's total market value is only 1.7 billion HKD, while its net assets exceed 2.8 billion RMB [1] Group 2: Market Context - The trading activity of Changhong Jiahua has been notably low, with six months in the first eight months of the year recording transaction volumes below 10 million HKD, and January's total transaction volume being merely 720,000 HKD [1] - In 2023, a total of 20 Hong Kong-listed companies have opted for privatization as a means to delist, primarily due to low trading volumes and the inability to effectively utilize the capital market [2] Group 3: Industry Trends - Companies in the Hong Kong market are increasingly choosing privatization as a strategy to exit, driven by factors such as diminished financing capabilities and the high costs associated with maintaining a public listing [2] - A representative from a previously delisted company noted that only top-tier companies attract funding in the Hong Kong market, and once a company loses investor interest, even favorable financing mechanisms become ineffective [3]