Lianhua Supermarket Raises 357 Million Yuan via Deal with Bailian Group

MT Newswires Live

2025/02/26

Lianhua Supermarket Holdings (HKG:0980) raised 357 million yuan by selling 360 million new domestic shares to controlling shareholder Bailian Group for 1 yuan apiece.

The shares represent 24.33% of the company's enlarged issued share capital, and Bailian Group now holds 59.06% of Lianhua Supermarket.

The company plans to use the net proceeds to upgrade its supermarket and hypermarket outlets and boost working capital, a Tuesday bourse filing said.

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