January 2, 2018 / 10:51 AM / 7 months ago

BRIEF-Yonghui Superstores Signs Agreement With Chengdu Hongqi Chain, China Minsheng Investment Group's Unit

Jan 2 (Reuters) - Yonghui Superstores Co Ltd:

* SAYS IT PLANS TO BUY ANOTHER 9 PERCENT STAKE IN CHENGDU HONGQI CHAIN FOR 709.9 MILLION YUAN ($109.38 million)

* SAYS IT WILL BECOME SECOND LARGEST SHAREHOLDER IN CHENGDU HONGQI CHAIN AFTER TRANSACTION

* SAYS IT SIGNS STRATEGIC FRAMEWORK AGREEMENT WITH CHENGDU HONGQI CHAIN AND CHINA MINSHENG INVESTMENT GROUP'S UNIT Source text in Chinese: bit.ly/2CraLXz; bit.ly/2DOGNd4 Further company coverage: ($1 = 6.4900 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below