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 - There has been a notable trend of privatization among Hong Kong-listed companies, with 20 companies opting for this route in 2023 due to low trading volumes and diminished financing capabilities [2] - The latest company to complete its privatization is Jin'an Industrial, which achieved this on September 19, 2023 [2] Group 3: Challenges Faced - Changhong Jiahua's stock has consistently traded below its net asset value, making it difficult for major shareholders like Anjian Holdings to utilize the Hong Kong platform for capital operations [2] - The low trading activity has led many Hong Kong companies to consider privatization as a viable option to avoid the costs associated with maintaining a public listing [2][3]