Core Viewpoint - Jilin Jiutai Rural Commercial Bank has officially delisted from the Hong Kong Stock Exchange, marking it as the first rural commercial bank to do so, following a successful acquisition by Jilin Financial Holdings Group [1][2]. Summary by Sections Delisting Announcement - On November 24, Jilin Jiutai Rural Commercial Bank announced its delisting from the Hong Kong Stock Exchange, effective after market hours [1]. - The bank's H-shares were suspended from trading since March 12, with the last trading price recorded at HKD 0.41 per share [2]. Acquisition Details - Jilin Financial Holdings Group has successfully acquired approximately 9.207 billion H-shares and 37.827 billion domestic shares, representing 95.26% and 92.09% of the total issued shares, respectively [1]. - The acquisition price for H-shares was set at HKD 0.70 per share, a premium of approximately 70.73% over the last trading price [2]. Financial Implications - The total cash outlay for the acquisition of H-shares is approximately HKD 644 million (around RMB 588 million), while the domestic shares acquisition amounts to RMB 2.383 billion, totaling approximately RMB 2.971 billion [2]. Future Operations - Post-delisting, the bank aims to focus on localized operations and strategic adjustments without the constraints of public company regulations [6]. - Jilin Jiutai Rural Commercial Bank anticipates that the acquisition will enhance its financial strength and service capabilities, while operations will remain unaffected for existing customers [1][6]. Financial Performance Outlook - The bank has issued a profit warning, projecting a net loss between RMB 1.7 billion and RMB 1.9 billion for 2024, primarily due to reduced interest income and increased provisions for credit risk [7]. - The bank plans to leverage opportunities from the macroeconomic recovery to improve its operational efficiency and quality [8].
这家银行,正式退市!
券商中国·2025-11-25 06:38