Core Viewpoint - Jinke Services officially delisted from the Hong Kong Stock Exchange on February 20, marking it as the fourth property company to do so after Bluestar Jia Bao Services, Huafa Property, and Ronshine Services [1][2]. Group 1: Company Background and Delisting - Jinke Services was established in Chongqing in 2000 and was listed on the Hong Kong Stock Exchange on November 17, 2020, initially celebrated as the "first property stock in Southwest China" [2]. - The company faced a liquidity crisis due to its parent company, Jinke Co., Ltd., leading to continuous losses and a decline in operational performance [2]. - The actual controller of Jinke Services became Boyu Capital after it acquired a 55.91% stake through various transactions, including a judicial auction [2][3]. Group 2: Privatization and Financial Performance - On November 18, 2025, Jinke Services announced the commencement of its privatization process in collaboration with Boyu Capital, with an initial offer price of HKD 6.67 per share, later increased to HKD 8.69, representing a 26.49% premium over the market price [3]. - The company indicated that privatization would allow for strategic decisions focused on long-term growth and value creation, free from the pressures of market expectations and stock price volatility [3]. - For the first half of 2025, Jinke Services reported total revenue of approximately HKD 2.334 billion, a year-on-year decrease of about 3.1%, with residential services contributing around 74.8% of total revenue [4].
上市5年后，金科服务正式从港交所退市，成第四家退市的物企