200706，拟主动退市！

Core Viewpoint - Wazhou Group is initiating a comprehensive tender offer for Wazhou B shares, aiming to delist the company due to ongoing financial struggles and to provide an exit opportunity for minority shareholders [3][12]. Group 1: Tender Offer Details - The tender offer period spans 39 calendar days from January 20 to February 27, with a purchase price set at HKD 2.86 per share [3][10]. - As of February 24, Wazhou B's stock price was HKD 2.80 per share, with a total market capitalization of HKD 1.127 billion [4]. - The tender offer does not include a delisting grace period, meaning shareholders must act decisively within the offer period [8][10]. Group 2: Financial Performance and Risks - Wazhou B has reported continuous losses, with a projected net loss for 2025 estimated between HKD 40 million to HKD 75 million, and a non-recurring net loss between HKD 65 million to HKD 110 million [13][14]. - The company has faced declining operational performance, with net profits being negative for 12 consecutive years since 2013 [12][14]. - The inability to raise funds through the B-share market has hindered Wazhou B's financial recovery, prompting the decision to pursue delisting as a means for shareholders to exit [15].