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Yonghui Superstores announces private placement


Monday, 11 Aug 2014 08:00pm EDT 

Yonghui Superstores Co Ltd:To issue up to 813,100,468 A shares of its common stock through private placement, at no less than 6.50 yuan per share, to The Dairy Farm Company, Limited.To raise up to 5,691,703,276 yuan in total.The proceeds raised will be used for supplement of working capital.