Core Viewpoint - Dalian Wanda Commercial Properties is set to privatize, with shareholders approving the buyout plan at HKD 0.62 per share, marking the end of its 12-year listing on the Hong Kong Stock Exchange [1][2]. Group 1: Company Overview - Dalian Wanda Commercial Properties, under COFCO Group, was listed in Hong Kong in 2013 and is now moving towards privatization in 2025 [2]. - The company plans to repurchase shares for a total consideration of approximately HKD 29.32 billion, funded by internal resources or external debt financing [1][2]. Group 2: Financial Performance - For the first half of 2025, Dalian Wanda reported total revenue of HKD 8.124 billion, a year-on-year decrease of 5.8%, and a net profit of HKD 105 million, down 26.6% [3]. - The company experienced a post-tax loss of approximately HKD 140 million due to changes in the fair value of investment properties and exchange rate fluctuations, while core net profit increased by 25.1% to HKD 244 million [3]. Group 3: Industry Context - The privatization of Dalian Wanda is part of a broader trend in the real estate sector, with several companies opting for privatization amid market challenges [4][5]. - Since September 2021, over 30 A-share and H-share listed real estate companies have delisted, with 28 being passive and 5 active delistings [5]. - Analysts suggest that companies choose to delist to reduce operational costs and enhance strategic flexibility, especially when facing low stock prices and regulatory pressures [5].