Dalian Yujin Trading Co., Ltd. agreed to acquire 8.6% stake in Dalian Wanda Commercial Management Group Co.,Ltd. from Yonghui Superstores Co., Ltd. for CNY 4.5 billion.
The transaction is subject to approval of merger agreement by target board and approval of offer by target shareholders. The deal has been approved by board of director's and shareholders of Yonghui Superstores Co., Ltd.