Zheng Quan Shi Bao·2026-01-07 18:02Group 1 - The core point of the news is that Mandarin Oriental has completed the sale of part of its property in Hong Kong, which is a key condition for the privatization by Jardine Matheson Group [1] - Alibaba Group and Ant Group purchased floors 21 to 35 of the building, along with advertising space and parking spots, for $925 million (approximately HKD 7.2 billion) to establish their future headquarters in Hong Kong [1] - Jardine Matheson Group initiated the privatization plan in October 2025, offering $2.75 per share in cash for the remaining 11.96% of shares, with a total payout of $3.35 per share including special dividends [1] Group 2 - Mandarin Oriental was initially listed on the Hong Kong Stock Exchange in 1986 and has undergone several changes in its listing status, including a move to Bermuda and listings in New York and Singapore [2] - The privatization is seen as a strategy to relieve the company from the pressures of short-term performance and complex decision-making processes, allowing for a more flexible execution of long-term strategies [2] - The CEO of Mandarin Oriental emphasized that the shift towards a light-asset growth model remains a core strategy, and the sale of non-core assets is viewed positively for the company's long-term value creation [2]