Lianhua Supermarket Renews Strategic Agreements

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lianhua Supermarket (00980) plans to sell a series of subsidiary companies with a total price of approximately 0.146 billion yuan.

Lianhua Supermarket (00980) announced on September 27, 2024 that Bailian Group, an indirect wholly-owned subsidiary based in shanghai...

Zhitong FinanceSep 27 11:53 ET

Express News | Lianhua Supermarket Holdings Co Ltd - Disposal of Entire Equity Interests in Subsidiaries

ReutersSep 27 10:52 ET

Shanghai Bailian Group (600827.SH): Lianhua and its wholly-owned subsidiary, Century Lianhua, intend to enter into an equity transfer agreement with Dongran Industrial.

Shanghai Bailian Group (600827.SH) announced on September 27 that in order to promote the sustainable and healthy development in the medium and long term, enhance overall performance, and focus on the core business of Shanghai and Zhejiang based on market and competitive environment, network value, and supply chain impact factors. Lianhua Supermarket and its wholly-owned subsidiary Century Lianhua plan to enter into an equity transfer agreement with Dongran Industrial to transfer 100% equity of Jiangsu Lianhua, Anhui Century Lianhua, and Hongkou Century Lianhua held by Lianhua Supermarket and Century Lianhua through non-public agreements at a transfer price of RMB 14,552.

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