九台农商行正式退市！

Core Viewpoint - Jilin Jiutai Rural Commercial Bank has officially delisted from the Hong Kong Stock Exchange, marking it as the first rural commercial bank to do so. The delisting follows a successful acquisition by Jilin Financial Holding Group, which has acquired a significant majority of the bank's shares [1][2]. Group 1: Delisting Announcement - On November 24, Jilin Jiutai Rural Commercial Bank announced its delisting from the Hong Kong Stock Exchange, effective after market hours on that date [1]. - The bank's H-shares were suspended from trading since March 12, with the last trading price recorded at HKD 0.41 per share [2]. - Jilin Financial Holding Group has successfully acquired approximately 95.26% of the H-shares and 92.09% of the domestic shares, indicating the completion of the acquisition process [1][2]. Group 2: Acquisition Details - The acquisition offer included a cash offer of HKD 0.70 per H-share and RMB 0.63 per domestic share, representing a premium of approximately 70.73% over the last trading price [2]. - The total cash outlay for the acquisition of H-shares is approximately HKD 6.44 billion (RMB 5.88 billion), while the domestic shares' acquisition amounts to RMB 23.83 billion, totaling around RMB 29.71 billion [2]. Group 3: Future Operations - Post-delisting, Jilin Jiutai Rural Commercial Bank aims to focus on local operations and enhance its service capabilities as a fully state-controlled bank [1][5]. - The bank plans to leverage its private company status to make strategic adjustments to its business structure and operations, which may lead to improved development opportunities [5]. - The bank has issued a profit warning, expecting a net loss of between RMB 1.7 billion and RMB 1.9 billion for 2024, primarily due to reduced interest income and increased provisions for credit risk [5].