Group 1 - The privatization plan of Minmetals Land has been approved by the court and shareholders, with the last trading deadline set for February 10, and the delisting expected to take effect on March 3 [2] - The privatization offer is priced at HKD 1.000 per share, representing a premium of approximately 185.71% over the unaffected closing price of HKD 0.350 and 104.08% over the last trading day's closing price of HKD 0.490 [2] - The company has reported significant losses from 2022 to 2024, with net losses of HKD 13.60 billion, HKD 5.26 billion, and HKD 37.48 billion respectively, indicating a challenging financial situation [3] Group 2 - Minmetals Land's cash and bank deposits stood at HKD 19.83 billion as of June 2025, highlighting liquidity concerns [3] - The company aims to enhance its long-term strategy and business flexibility through the delisting, as the real estate industry remains in a stabilization phase amid a complex external environment [3] - China Metallurgical Group announced plans to sell its 100% stake in China Metallurgical Real Estate to Minmetals Land for a transaction amount of HKD 312.36 billion, coinciding with Minmetals Land's privatization [4]
3月3日，五矿地产将私有化退市