Core Viewpoint - The resignation of He Jianbo as the chairman and executive director of Wulian Real Estate is part of a personnel rotation plan by China Minmetals Corporation, with Dai Pengyu appointed as the acting chairman amid the company's ongoing financial struggles [1][2][3]. Group 1: Management Changes - He Jianbo has resigned from multiple positions within Wulian Real Estate, effective November 13, 2025, due to personnel rotation and succession planning by China Minmetals Corporation [1]. - Dai Pengyu, aged 43, has been appointed as the acting chairman and has extensive experience in real estate management, having joined the company in 2007 and served in various senior management roles [2][3]. Group 2: Financial Performance - Wulian Real Estate reported a revenue of HKD 9.883 billion in 2024, a year-on-year decline of 21.8%, with a net loss of HKD 3.748 billion, which is an increase compared to the previous year [3]. - The company's gross profit margin fell from 17.2% to 6.1% over the same period, indicating significant financial distress [3]. - In the first half of 2025, the company experienced a 60.7% decline in revenue, amounting to HKD 1.976 billion, and a net loss of HKD 580 million [4]. Group 3: Privatization Plans - In October 2025, Wulian Real Estate announced plans for privatization, with a proposal to delist from the stock exchange and cancel shares at a price of HKD 1 per share, representing a premium of approximately 104.08% over the last trading day [4]. - The company cited low trading volumes and persistent undervaluation as reasons for the privatization, which has hindered its ability to raise capital from the market since 2009 [4].
何剑波辞任五矿地产董事会主席 执掌7年遇私有化退市转折