这家港股农商行，拟退市！国资股东将溢价收购

Core Viewpoint - Jilin Jiutai Rural Commercial Bank announced a proposal for delisting after a four-month suspension, with Jilin Financial Holding Group planning to acquire all issued H shares and domestic shares, aiming for complete state-owned control of the bank [1][11]. Group 1: Acquisition Details - Jilin Financial Holding Group intends to invest approximately 3.2 billion RMB for the acquisition [2]. - The offer price for H shares is set at 0.70 HKD per share, while the domestic shares are priced at 0.63 RMB per share [3]. - The offer represents a premium over the last trading price and average prices over various periods, with premiums of approximately 70.73%, 60.86%, 42.93%, and 8.82% compared to the last trading day and preceding averages [5][4]. Group 2: Financial Implications - If the offer is fully accepted, the total cash consideration for the H shares will be about 677 million HKD (approximately 618 million RMB), and for domestic shares, it will be around 2.588 billion RMB, totaling approximately 3.206 billion RMB for the entire acquisition [6]. - As of September 2024, Jiutai Rural Commercial Bank's total assets were 262.078 billion RMB, with issued share capital of 5.074 billion shares, including about 967 million H shares [1]. Group 3: Delisting Rationale - The bank stated that the delisting would help save compliance costs and allow for business adjustments, reallocating resources to operational needs [11]. - Post-delisting, the bank plans to focus on localized operations and maintain its existing business structure [12][13]. Group 4: Financial Performance - Jiutai Rural Commercial Bank issued a profit warning, expecting a net loss between 1.7 billion and 1.9 billion RMB for 2024, primarily due to measures taken to support the real economy and external economic pressures [14]. - The bank aims to leverage opportunities from the macroeconomic recovery to improve its operational efficiency and quality [15].