又一知名房企将退市！已经上市12年

Core Viewpoint - Dalian Wanda Commercial Properties has announced its privatization plan, which has been approved by shareholders, and is expected to officially delist on November 27, 2023 [2][6]. Group 1: Company Overview - Dalian Wanda Commercial Properties, a commercial real estate platform under COFCO Group, has been listed in Hong Kong for approximately 12 years [5][6]. - The company was originally listed in 2013 under the name "COFCO Property" and later renamed to Dalian Wanda Commercial Properties [6]. Group 2: Privatization Details - The privatization plan involves a cash buyback of shares at HKD 0.62 per share, with a total cost of approximately HKD 29.32 billion, funded by internal resources or external debt financing [6]. - Prior to privatization, Dalian Wanda Holdings Group owned 64.18% of the shares, and after the transaction, its ownership will increase to 96.13% [6]. Group 3: Financial Performance - For the first half of 2025, Dalian Wanda Commercial Properties reported total revenue of RMB 8.124 billion, a decrease of 5.8% year-on-year, and a net profit of RMB 105 million, down 26.6% [9]. - The company experienced a tax-adjusted loss of approximately RMB 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 RMB 244 million [9]. Group 4: Industry Context - The privatization of Dalian Wanda Commercial Properties is part of a broader trend, with approximately 23 listed real estate companies exiting the capital market in the past three years [12]. - Since 2021, seven real estate companies have opted for privatization, driven by factors such as insufficient stock liquidity, loss of financing capabilities, and ongoing losses and debt crises [13][14].