这家银行，正式退市

Core Viewpoint - Jilin Jiutai Rural Commercial Bank has officially delisted from the Hong Kong Stock Exchange after a successful acquisition by Jilin Financial Holdings Group, marking it as the first rural commercial bank to do so from the HKEX [1][2]. Group 1: Delisting Announcement - On November 24, Jiutai Rural Commercial Bank announced its delisting from the HKEX, effective after market hours [1]. - The bank's H-shares were suspended from trading since March 12, 2023, with the last trading price recorded at HKD 0.41 per share [1][2]. - Jilin Financial Holdings has acquired approximately 95.26% of the H-shares and 92.09% of the domestic shares, indicating the completion of the acquisition process [1]. Group 2: Acquisition Details - The voluntary conditional cash offer for H-shares was set at HKD 0.70 per 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 estimated at HKD 6.44 billion (approximately RMB 5.88 billion), while the domestic shares acquisition amounts to RMB 23.83 billion, totaling around RMB 29.71 billion [2]. Group 3: Company Background - Jiutai Rural Commercial Bank was established in December 2008 and became the first rural commercial bank in Northeast China [3]. - The bank's total assets reached RMB 2620.78 billion as of September 2024, with an issued share capital of 5.074 billion shares, including approximately 967 million H-shares [3]. Group 4: Post-Delisting Strategy - The bank aims to reduce compliance costs and reallocate resources for business operations after delisting, focusing on local market operations [4][5]. - Jilin Financial Holdings has no intention to list the bank's shares on other markets, emphasizing a strategy centered on local characteristics and core business [5]. - The bank has issued profit warnings, projecting a net loss of between RMB 1.7 billion and RMB 1.9 billion for 2024 due to reduced interest income and increased risk provisions [5].