Core Viewpoint - Dalian City Real Estate plans to privatize by repurchasing shares from all shareholders except the controlling shareholder, aiming to enhance management efficiency and withdraw from the Hong Kong Stock Exchange [1][2]. Group 1: Company Actions - Dalian City Real Estate announced a share repurchase plan at a price of HKD 0.62 per share, totaling approximately HKD 29.32 billion, representing a 67.57% premium over the last trading price before the announcement [1]. - Following the privatization, Dalian City Real Estate will be owned approximately 96.13% by Dalian City Holdings Group and 3.87% by De Mao, and will delist from the Hong Kong Stock Exchange [2]. Group 2: Market Context - The Hong Kong stock market has seen an increase in both IPOs and delistings, with over 30 companies exiting the market this year, including 17 that chose to delist voluntarily [3]. - Despite a strong market performance with an average daily trading volume of HKD 2.402 billion, over 900 companies have a daily trading volume of less than HKD 100,000, and more than 1,400 companies have share prices below HKD 1 [3]. - The low trading volumes and stock prices have led companies to consider privatization as a means to avoid market volatility and reduce costs associated with maintaining a public listing [3].