Company Overview - WISCO Real Estate has a market capitalization of 3.113 billion HKD [3] - The company is a subsidiary of China Minmetals Corporation and is one of the first 16 state-owned enterprises in the real estate sector designated by the State-owned Assets Supervision and Administration Commission [4] Recent Developments - On October 23, WISCO Real Estate announced plans for privatization and to apply for delisting from the Hong Kong Stock Exchange, with a cancellation price of 1 HKD per share [4] - The stock opened high on October 24, rising over 91% and reaching a peak of 0.95 HKD per share [1][2] Financial Performance - WISCO Real Estate has experienced a significant decline in performance, with a continuous net profit loss since 2022, culminating in a loss of 3.26 billion HKD in 2024 [11] - In the first half of 2025, the company reported revenue of 1.802 billion HKD, a year-on-year decrease of 60.66%, with a net profit loss of 530 million HKD [12] Market Context - The real estate market has undergone a deep adjustment, impacting WISCO Real Estate's operational performance and leading to a decline in sales from a peak of 26 billion HKD in 2021 to 7.02 billion HKD in 2024 [10] - The company had previously achieved a sales revenue of 19.36 billion HKD in 2020, marking a 124% year-on-year increase [9]