WBC(SZ:200706) Zheng Quan Ri Bao·2025-12-17 16:07Core Viewpoint - Wafangdian Bearing Co., Ltd. (Wazhou B) is undergoing a voluntary delisting process initiated by its controlling shareholder, Wafangdian Bearing Group Co., Ltd., due to continuous financial losses and operational challenges, marking a significant trend in the capital market towards voluntary delisting as a strategic choice for companies [1][2][4]. Summary by Sections Company Announcement - Wazhou B announced a comprehensive tender offer to acquire all shares from its shareholders, with a total of 158.6 million shares, representing 39.39% of the company's total equity, at a price of HKD 2.86 per share, requiring a maximum funding of HKD 453 million [2]. Financial Performance - Wazhou B has reported continuous losses for six consecutive years, with net profits from 2019 to 2024 recorded as -123 million, -380 million, -206 million, -140 million, -99 million, and -110 million respectively [2]. Market Trends - The number of companies voluntarily delisting has increased, with nine companies announcing such actions in 2023 alone, reflecting a shift in market dynamics and regulatory environment [2][3]. Regulatory Environment - The new regulatory framework emphasizes stricter delisting standards and encourages companies to consider voluntary delisting as a viable option, enhancing market efficiency and promoting a healthier capital market [4][8]. Investor Protection - Regulatory bodies are enhancing protections for investors in voluntary delisting scenarios, including cash options for shareholders, ensuring that minority investors' rights are safeguarded during the process [5][6][7]. Future Outlook - The trend of voluntary delisting is expected to become normalized and diversified, aligning with the broader economic transformation and high-quality development of the capital market, indicating a shift from a focus on maintaining listing status to prioritizing sustainable business growth [8].