吉林金控要约收购 九台农商行从港股退市

Core Viewpoint - JiuTai Rural Commercial Bank, the first listed rural commercial bank in Northeast China, has officially withdrawn from the Hong Kong Stock Exchange due to limited fundraising capabilities and the desire for strategic adjustments as a private company [1][2]. Group 1: Delisting Details - JiuTai Rural Commercial Bank applied for delisting from the Hong Kong Stock Exchange, with the last trading day for H-shares on November 18 and the delisting effective on November 24 [1]. - The bank's major shareholder, Jilin Financial Holding Group, made a voluntary conditional cash offer to acquire all issued H-shares at HKD 0.7 per share, which represents a premium of approximately 70.73% compared to the last trading price of HKD 0.41 [2]. - The total cash outlay for the acquisition of H-shares is approximately HKD 644 million (about RMB 588 million), with an additional RMB 2.383 billion for domestic shares, totaling around RMB 2.971 billion [2]. Group 2: Business Strategy and Future Outlook - The bank aims to save compliance and listing maintenance costs post-delisting, allowing for more flexibility in business adjustments and resource reallocation [2]. - JiuTai Rural Commercial Bank plans to continue focusing on its core business in Jilin Province, emphasizing localized operations [2]. - Analysts suggest that the delisting trend among small and medium-sized banks is due to the loss of financing functions and a lack of international strategic fit, particularly for rural commercial banks [3]. Group 3: Financial Performance - As of September 2024, JiuTai Rural Commercial Bank reported total assets of RMB 262.078 billion and issued share capital of 5.074 billion shares, with approximately 967 million H-shares [3]. - The bank has delayed the release of its 2024 annual report and 2025 interim report, with a profit warning indicating an expected net loss between RMB 1.7 billion and RMB 1.9 billion for 2024 [3][4]. - The anticipated loss is attributed to reduced interest income from fee reductions to support the real economy and increased provisions for credit risk due to external economic pressures [4].