Lianhua Supermarket Shareholders to Vote Dec. 5 on Proposed Sale of Subsidiaries

MT Newswires Live

2024/11/20

Shareholders of Lianhua Supermarket (HKG:0980) will meet Dec. 5 to vote on the proposed disposal of three subsidiaries of the company, a Tuesday bourse filing said.

The company is proposing to sell Lianhua Supermarket (Jiangsu) to Shanghai Dongran Industrial for 63.3 million yuan.

Unit Shanghai Century Lianhua Supermarket Development will also sell Anhui Century Lianhua Development, and Shanghai Century Lianhua Supermarket Hongkou, to Shanghai Dongran Industrial for 56.8 million yuan and 25.4 million yuan, respectively.

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