Jilin Jiutai Bank (6122 HK): Take The Offer. It Is What It Is

• Back on the 3rd July 2025, Jilin Province Trust must a voluntary Offer at HK$0.70/share (~0.23x P/B!!) for troubled rural commercial bank Jilin Jiutai Rural Comm Bank (6122 HK).

• Shares have been suspended since 12th March. Jilin Jiutai have yet to publish their 2024 annual results. It's doubtful shares will resume trading. Ever.

• The Composite Doc Booklet is now out, with a H-share class meeting on the 24th October, the same day as the first close. The IFA (Gram) says "fair & reasonable".

Jilin Jiutai is suspended, so there is nothing to be done. If not in.

Look away if you are not in.

If you hold shares Jilin Jiutai, vote for the Offer. Then tender your shares.

It is what it is.

The big question is: which RCB bank is next to be taken private?

In Chinese RCBs: Two Bailouts. How Many More At Risk?, I flagged Bank Of Tianjin (1578 HK), Shengjing Bank Co Ltd H (2066 HK), Jinshang Bank Co Ltd (2558 HK), Harbin Bank Co Ltd H (6138 HK), and Bank of Gansu (2139 HK).

Shengjing Bank has since received an Offer - Shengjing Bank (2066 HK): Another Rural Commercial Bank Delisting