Group 1 - The core point of the news is the resignation of He Jianbo as the executive director and chairman of Minmetals Land, effective November 13, 2025, due to personnel rotation and succession planning by China Minmetals Corporation [1] - Dai Pengyu has been appointed as the acting chairman and will assume multiple roles within the board until a new chairman is officially appointed [1] - Dai Pengyu has extensive experience in real estate management and has been with Minmetals Land since 2007, holding various senior management positions [1] Group 2 - Minmetals Land announced plans for privatization and delisting, with a maximum cash consideration of approximately HKD 1.276 billion, citing limited capital raising ability and loss of listing platform advantages [2] - The company has not raised funds through public markets since 2009, and the privatization is expected to enhance business flexibility and streamline corporate structure [2] - Minmetals Land is a key subsidiary of China Minmetals, which has a diverse portfolio of over 80 real estate projects across more than 20 cities in China [2] Group 3 - Minmetals Land has reported consecutive years of losses, with revenues of HKD 10.065 billion, HKD 12.631 billion, and HKD 9.883 billion from 2022 to 2024, and a significant loss of HKD 3.621 billion in the first half of 2024 [3] - The company previously set ambitious sales targets but has struggled to achieve them due to market adjustments [3] - Industry experts suggest that the delisting reflects a strategic contraction in the real estate sector, with many companies facing prolonged losses and a lack of new land reserves [3]
私有化退市后，何剑波辞任五矿地产董事会主席