上市12年后，大悦城地产即将退市

Core Viewpoint - Dalian Wanda Commercial Properties has received shareholder approval for privatization, with plans to delist from the Hong Kong Stock Exchange effective November 27, 2023 [1][4]. Group 1: Privatization and Delisting - The court meeting held on November 17 saw 30 representatives voting in favor of the delisting, holding a total of 2.67 billion shares, while 4 representatives opposed it with 16.78 million shares [2]. - Dalian Wanda Commercial Properties has a total of 14.23 billion shares issued, with 4.73 billion shares eligible for voting at the court meeting [1]. Group 2: Company Overview and Financial Performance - Dalian Wanda Commercial Properties, a subsidiary of COFCO Group, focuses on the development, operation, sales, leasing, and management of mixed-use and commercial properties, including shopping centers, hotels, and office buildings [4]. - As of mid-2025, the company has established a presence in 24 cities in mainland China and Hong Kong, managing 32 commercial projects [4]. - In 2024, the company reported revenue of 19.83 billion yuan, a year-on-year increase of 49.42%, but recorded a net loss of 290 million yuan, marking its first loss in years [4]. Group 3: Strategic Rationale for Privatization - The company aims to enhance its equity position and improve overall operational efficiency through the privatization process, which is expected to optimize resource allocation across different business segments [4]. - The decision to delist is attributed to market performance fluctuations and liquidity pressures resulting from cyclical industry developments [4].