Yonghui Superstores (SHA:601933) said there will be no reductions in the company holdings of its founder and chair, Zhang Xuansong.
The clarification comes in response to media reports suggesting potential adjustments to the holdings of Zhang and Pang Donglai, a fellow executive, as part of plans to increase the supermarket chain operator's equity, according to a Monday filing with the Shanghai Stock Exchange.
The announcement also follows a significant development in Yonghui Superstores' ownership structure.
MINISO Group (HKG:9896) unit Guangdong Juncai International recently agreed to buy a 29.4% stake in Yonghui Superstores for 6.27 billion yuan from THE DAIRY FARM, a wholly owned subsidiary of Singapore-listed DFI Retail (SGX:D01).
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