突发！大悦城地产拟退市

Core Viewpoint - Daxuecheng Real Estate (0207.HK) plans to privatize and delist by repurchasing shares at a price of HKD 0.62 per share, totaling approximately HKD 29.32 billion [2][4][7]. Group 1: Privatization Details - The repurchase will be conducted through an agreement with all shareholders except Daxuecheng and Demao, with a total cash payout of approximately HKD 29.32 billion [7]. - Before the agreement, Daxuecheng holds 64.18% of shares, while Demao holds 2.58%, and other shareholders hold 33.24%. After the agreement, Daxuecheng's stake will increase to 96.13% [8]. - The share price before suspension was HKD 0.37, with a market capitalization of HKD 52.7 billion [8]. Group 2: Business Operations - Daxuecheng Real Estate focuses on developing, operating, and managing urban complexes under the Daxuecheng brand, with four main business segments: investment properties, property development, hotel operations, and management services [12]. - The company has established a presence in key cities across five major urban clusters in China, managing 32 projects in 24 cities, including Beijing, Shanghai, and Guangzhou [12]. Group 3: Financial Performance - Daxuecheng reported a net profit of between RMB 80 million and RMB 120 million for the first half of 2025, marking a return to profitability [13]. - Long-term performance has been under pressure, with significant declines in net profit since 2020, and the company has faced losses since 2022 [14]. - As of July 31, Daxuecheng's stock price was HKD 3.02, with a total market value of RMB 12.9 billion [16].