Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of a 8.11% stake in Yonghui Superstores Co., Ltd. from Jiangsu Jingdong Bangneng Investment Management Limited.
October 11, 2022
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Beijing Jingdong Century Trading Co.,Ltd. agreed to acquire a 8.11% stake in Yonghui Superstores Co., Ltd. (SHSE:601933) from Jiangsu Jingdong Bangneng Investment Management Limited on September 13, 2022. Under the terms, Beijing Jingdong Century Trading Co.,Ltd. will acquire 736,437,197 shares of Yonghui Superstores. In a related transaction, Suqian Hanbang Investment Management Company Limited agreed to acquire 5.27% stake in Yonghui Superstores from Jiangsu Yuanzhou E-Commerce Co., Ltd. Transaction is subject to subject to the compliance review and confirmation of the Shanghai Stock Exchange
Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of a 8.11% stake in Yonghui Superstores Co., Ltd. (SHSE:601933) from Jiangsu Jingdong Bangneng Investment Management Limited 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.
Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of a 8.11% stake in Yonghui Superstores Co., Ltd. from Jiangsu Jingdong Bangneng Investment Management Limited.