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HeBai Group (000417.SZ): Plans to publicly list for sale part of the idle Property/A-REIT of its subsidiary.
On February 13, 2023, Hefei Department Store Group (000417.SZ) announced that in order to further activate idle Assets, optimize resource allocation, and improve Asset Operation efficiency, Hefei Department Store Group Co., Ltd. convened the third extraordinary meeting of the 10th Board of Directors on February 13, 2025, which approved the proposal "Regarding the Public Listing for Sale of Certain Idle Properties of Subsidiaries" with 8 votes in favor, 0 votes against, and 0 abstentions. It was agreed that the subsidiary Anhui Taikelong Chain Supermarket Co., Ltd. would publicly list and sell part of its idle Properties through the Anhui Yangtze River Property Exchange. The Assets intended for sale are
Is Hefei Department Store GroupLtd (SZSE:000417) Using Too Much Debt?
Hefei Department Store Group Chair Resigns
He Bei Group (000417.SZ): Chairman Shen Xiaogen resigns.
On December 25, Glorious Union announced that the Board of Directors received a written resignation letter from the company's chairman, Mr. Shen Xiaogen. Due to changes in work circumstances, Mr. Shen has applied to resign from his position as the chairman of the 10th Board of Directors, director, and member and convener of the Board of Directors Global Strategy Committee. After resigning, Mr. Shen will no longer hold any position in the company.
HeBai Group (000417.SZ): From January to November this year, member consumption accounted for 48% of the Retail Trade sales.
According to a recent investor relations activity by Hebai Group (000417.SZ) on December 17, as of November, the company had nearly 3.5 million members. In terms of member services and management, the company's offline stores are actively expanding member acquisition, focusing on groups such as birthday members, inactive members, concurrently consuming members, and affiliated brand members, conducting various activities like lottery draws, treasure hunts, scratch cards, purchase bonuses, and free orders to enhance member engagement and increase the repurchase rate. From January to November this year, member spending accounted for 48% of the sales in the Retail Trade sector.
Hebai Group (000417.SZ): Currently, the company has nearly 30 large shopping malls under its Hejiafu supermarket brand.
On December 17, Gelonghui reported that Hebai Group (000417.SZ) recently indicated in an investor relations event that it currently has nearly 30 large shopping plazas under its Hejiafu supermarket brand, which has been upgraded to version 3.0. There are close to 70 large comprehensive supermarkets, including high-end stores like Afu Select. The number of standard supermarkets has exceeded 100, including Community standard supermarkets, the enhanced fresh food store Afu Fresh, Afu theme stores, campus stores, and more.
Capital Allocation Trends At Hefei Department Store GroupLtd (SZSE:000417) Aren't Ideal