港股錦江資本(02006.HK)擬以3.1港元溢價私有化
2022年4月1日，錦江國際與錦江資本(02006.HK)聯合發佈了有關吸收合併私有化方案的綜合文件以及就本次吸收合併私有化交易的股東大會通知。錦江資本將於2022年4月26日召開股東大會，錦江資本私有化將進入關鍵階段。
資料顯示，錦江國際是錦江資本的控股股東，而錦江資本是國內規模第一的酒店集團錦江酒店(600754.SH)的控股股東。錦江資本於2006年12月在香港聯交所上市，是中國內地首家登陸香港資本市場的純中國酒店概念股，19年8月更名為錦江資本。
實施私有化或將實現雙贏局面
錦江資本的私有化要約價格為每股3.10港元，較公吿私有化意向停牌前完整交易日(2021年11月16日)收市價每股1.98港元溢價約56.6%、較H股於截至最後完整交易日(包括該日)前30、90個交易日的平均收市價分別溢價約77.14%、86.75%。
錦江資本於2006年在聯交所上市，IPO融資淨額26.4億港元。上市以來，公司已累計實施分紅15次，分紅總金額41億港元，加之本次私有化註銷金額43.14億港元，已遠超其IPO融資金額。
疫情影響仍在持續，短期局勢依舊不明朗
受新冠疫情的持續性影響，全球通脹預期抬升，美聯儲加息節奏加快，預期將持續對全球經濟及酒店旅遊市場帶來負面影響。錦江資本的業績亦因此受壓。根據公司早前公佈的2021全年業績報吿顯示，集團實現銷售收入約158.546億元(人民幣)，較去年同期增加約11.6%，在2020年疫情突發導致的低基數的基礎上，銷售收入有所恢復；但集團營業利潤約11.28億元，較去年同期減少約31.6%，集團利息税及折舊攤銷前利潤約42.14億元，較去年同期減少約11.9%，公司股東應占利潤約829.3萬元，較去年同期減少約97.1%，較疫情前盈利水平仍有較大差距。
自2022年以來，外圍衝突加劇加之中國及海外偶有區域性的新冠疫情爆發的情況出現，給錦江資本的業務帶來不確定性。特別是錦江資本全服務酒店業務的根基上海近期爆發大範圍奧密克戎疫情，使得錦江資本的業務特別是酒店、食品及餐飲以及旅遊中介可能會繼續受到不利影響。此外，近期香港股票市場的表現不盡人意，多數股票持續下跌。相反，錦江資本的H股註銷價格已鎖定，不論香港股票市場如何波動，註銷價都將維持不變。
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