Core Viewpoint - Dalian City Real Estate plans to privatize and delist, with a proposed buyback of shares for a maximum cash consideration of HKD 29.32 billion, following a two-week suspension of trading [1] Group 1: Company Actions - Dalian City Real Estate resumed trading on August 1, with a closing price of HKD 0.54, reflecting a single-day increase of 45.95%, resulting in a total market capitalization of HKD 76.85 billion [1] - The company intends to repurchase shares through an agreement, leading to its delisting from the Hong Kong Stock Exchange [1] Group 2: Background and Rationale - The privatization decision is influenced by the broader context of COFCO Group's real estate business integration, where Dalian City (A-share listed) holds a 64.18% stake in Dalian City Real Estate, creating a unique "A-share controlled red chip" structure [1] - Key reasons for the privatization include low stock liquidity, limited financing capabilities, and increased complexity in corporate governance due to the current structure [1] - The move is expected to enhance the equity value of Dalian City Real Estate for the A-share platform, potentially improving the company's profit performance [1]