上市12年后，大悦城地产即将退市

Core Viewpoint - Daxiyucheng Real Estate has received approval for privatization, with plans to delist from the Hong Kong Stock Exchange effective November 27, 2023, due to market performance pressures and liquidity issues [1][4]. Group 1: Company Overview - Daxiyucheng Real Estate, a subsidiary of COFCO Group, focuses on the development, operation, sales, leasing, and management of mixed-use and commercial properties, including shopping centers, hotels, and office buildings. It was listed on the Hong Kong Stock Exchange in 2013 [4]. - As of mid-2025, Daxiyucheng Real Estate has established a presence in 24 cities across mainland China and Hong Kong, managing 32 commercial projects and developing residential and hotel projects [4]. Group 2: Financial Performance - In 2024, Daxiyucheng Real Estate reported revenue of 19.83 billion yuan, a year-on-year increase of 49.42%. However, it recorded a net loss of 290 million yuan, marking its first loss in many years [4]. Group 3: Privatization and Market Impact - The privatization plan involves a share buyback totaling approximately 2.932 billion Hong Kong dollars, aimed at enhancing the company's equity and improving overall operational efficiency and market competitiveness [4]. - As of November 18, 2023, Daxiyucheng Real Estate's stock price was 0.615 HKD per share, with a market capitalization of 8.8 billion HKD [5].