Core Viewpoint - Shengjing Bank is set to delist from the Hong Kong Stock Exchange, with the last trading day for its H-shares on November 13, 2025, and the official delisting on November 20, 2025, following a buyout offer from its major shareholder, Shenyang Shengjing Jin Control Investment Group [1][5][4]. Group 1: Delisting Details - The delisting is a result of a buyout offer amounting to approximately RMB 6.65 billion from Shengjing Jin Control and its concert parties [1][4]. - The buyout price for H-shares is set at HKD 1.32 per share, while the price for domestic shares is HKD 1.20 [4]. - As of October 21, 2025, 22.41 billion H-shares have accepted the buyout offer, representing about 99.69% of independent H-share holders [5]. Group 2: Financial Performance - For the first half of 2025, Shengjing Bank reported a revenue of RMB 4.326 billion, a decrease of 5.1% year-on-year, and a net profit of RMB 508 million, down 14.1% year-on-year [8][6]. - The bank's investment net income fell by RMB 1.459 billion, a decline of 62.3%, primarily due to reduced net gains from bond asset disposals [8][6]. - As of June 30, 2025, the bank's total assets were approximately RMB 1.13 trillion, with a non-performing loan rate of 2.69%, an increase of 0.01 percentage points from the previous year [2][9]. Group 3: Strategic Reasons for Delisting - The bank aims to provide shareholders with an opportunity to liquidate their investments through the buyout, as its stock price has declined by 4.20% despite a 30.05% increase in the Hang Seng Index since 2025 [7][6]. - The delisting is expected to optimize resource allocation, as the bank's low trading volume has limited its ability to raise funds effectively in the equity market [7][6].
盛京银行被66.5亿要约收购锁定退市 投资收益锐减14.6亿不良率达2.69%