Suqian Hanbang Investment Management Company Limited completed the acquisition of a 5.72% stake in Yonghui Superstores Co., Ltd. from Jiangsu Yuanzhou E-Commerce Co., Ltd.
October 11, 2022
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Suqian Hanbang Investment Management Company Limited agreed to acquire a 5.27% stake in Yonghui Superstores Co., Ltd. (SHSE:601933) from Jiangsu Yuanzhou E-Commerce Co., Ltd. on September 13, 2022. Under the terms, Suqian Hanbang Investment Management Company Limited will acquire 478,523,104 shares of Yonghui Superstores. In a related transaction, Beijing Jingdong Century Trading Co.,Ltd. agreed to acquire a 8.11% stake in Yonghui Superstores Co., Ltd. from Jiangsu Jingdong Bangneng Investment Management Limited. Transaction is subject to subject to the compliance review and confirmation of the Shanghai Stock Exchange.
Suqian Hanbang Investment Management Company Limited completed the acquisition of a 5.72% stake in Yonghui Superstores Co., Ltd. (SHSE:601933) from Jiangsu Yuanzhou E-Commerce Co., Ltd. on October 12, 2022.
Yonghui Superstores Co Ltd is a China-based company, principally engaged in the operation of regular chain supermarkets. The Company primarily engages in the dealing of fresh meat products, agricultural products, processed foods, daily necessities, clothing, household appliances, electronic products and imported goods, among others. The Company operates its businesses principally through the operation of general merchandise stores, superstores and supermarkets, among others. The Company is also engaged in the provision of related services. The Company mainly conducts its businesses within domestic markets.
Suqian Hanbang Investment Management Company Limited completed the acquisition of a 5.72% stake in Yonghui Superstores Co., Ltd. from Jiangsu Yuanzhou E-Commerce Co., Ltd.