金科服务正式从港交所退市，成第四家退市的物企

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 Ownership Changes - 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 Group, leading to continuous losses and a decline in operational performance [2]. - Bony Capital became the actual controller of Jinke Services after acquiring a 22.69% stake from Jinke Group for HKD 37.34 billion in December 2021, subsequently increasing its stake to 55.91% through various transactions [2][3]. Group 2: Privatization and Financial Performance - On November 18, 2025, Jinke Services announced the commencement of its privatization process in collaboration with Bony Capital, with an initial offer price of HKD 6.67 per share, later raised 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, alleviating the pressures of market expectations and compliance burdens associated with being publicly listed [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]. - The company's gross profit for the same period was approximately HKD 457 million, down 8.4% year-on-year, and net profit was about HKD 72.3 million, with attributable net profit to owners around HKD 65 million [4].