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will step down effective after the release of the composite document of Paragon Shine's acquisition of a controlling stake in the hypermarket chain.Huang will remain a non-executive director until the first closing date of the acquisition, according to a Friday filing with the Hong Kong bourse.Julian Juul Wolhardt, co-founder and chief exeuctive officer of DCP Capital, will succeed Huang immediately following the publication of the composite document, the filing said.Paragon Shine and its designated entity, Lavender Haze, acquired about 78.7% of Sun Art's issued share capital.Shares slipped 6% during Friday's afternoon trading.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK1584","06808","BK1501","BK1177"],"gpt_icon":0},{"id":"2514392373","title":"Paragon Shine Completes Acquisition of 79% Stake in Sun Art Retail, Triggering Mandatory Cash Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=2514392373","media":"MT Newswires Live","labels":["shareholding","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514392373?lang=en_us&edition=fundamental","pubTime":"2025-02-28 14:09","pubTimestamp":1740722974,"startTime":"0","endTime":"0","summary":"Paragon Shine has completed its acquisition of a controlling stake in Sun Art Retail Group , according to a Friday filing with the Hong Kong bourse.Paragon Shine and its designated entity, Lavender Haze, acquired about 78.7% of Sun Art's issued share capital.The acquisition involved the purchase of 7.51 billion shares with an initial payment of HK$6.91 billion, a deferred balance of HK$3.45 billion, plus potential interest.Following the deal, Paragon Shine is set to launch a mandatory takeover offer, with details to be published by March 6.Last month, Alibaba Group  agreed to divest its interest in Sun Art to Paragon Shine.Shares of Sun Art Retail fell 5% in recent trading in Hong Kong.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding,merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4538","LU0823397285.USD","BK4504","LU0979878070.USD","LU1813983027.USD","LU0823041008.USD","LU0196878994.USD","LU1044874839.SGD","BK1142","LU0456827905.SGD","LU0072913022.USD","LU0791591158.USD","LU0261947096.USD","BK4534","LU1282649067.USD","HBBD.SI","LU0469268626.HKD","BK4527","LU0211977185.USD","LU0865486749.SGD","LU0821914370.USD","LU0254981946.USD","LU1328277881.USD","SG9999006514.SGD","LU0708995583.HKD","LU0499858438.USD","BK4587","LU0561508036.HKD","LU0417516571.SGD","LU1808992512.USD","LU0029875118.USD","89988","LU0797268264.HKD","06808","IE00B0JY6N72.USD","SG9999014674.SGD","LU0543330566.HKD","BK4524","LU0054450605.USD","BK1177","LU0261950983.USD","LU1880383366.USD","LU1323998911.USD","LU1481107354.HKD","LU0259732245.USD","LU0828237940.HKD","LU0648948544.HKD","LU0898667661.SGD"],"gpt_icon":1},{"id":"2514362654","title":"BUZZ-Sun Art Retail falls most in 8 weeks on management rejig","url":"https://stock-news.laohu8.com/highlight/detail?id=2514362654","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514362654?lang=en_us&edition=fundamental","pubTime":"2025-02-28 10:44","pubTimestamp":1740710664,"startTime":"0","endTime":"0","summary":"BUZZ-Sun Art Retail falls most in 8 weeks on management rejig** Sun Art Retail Group 6808.HK slips 7.3% to HK$1.78; set for biggest one-day pct decline since January 3** Stock on track to snap three straight sessions of gains** Chinese hypermarket chain's chairman Huang Ming-Tuan resigns with immediate effect, along with two directors** Co appoints Julian Juul Wolhardt, co-founder and CEO of DCP Capital, as chairman; two directors also named** YTD, stock drops 27.4%  ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250228:nL2N3PJ029:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1177","BK1501","06808","BK1584"],"gpt_icon":0},{"id":"2514365895","title":"BRIEF-Sun Art Retail Says Huang Ming-Tuan Resigns As Chairman","url":"https://stock-news.laohu8.com/highlight/detail?id=2514365895","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514365895?lang=en_us&edition=fundamental","pubTime":"2025-02-28 09:23","pubTimestamp":1740705787,"startTime":"0","endTime":"0","summary":"BRIEF-Sun Art Retail Says Huang Ming-Tuan Resigns As ChairmanFeb 28 (Reuters) - Sun Art Retail Group Ltd 6808.HK:HUANG MING-TUAN RESIGN AS CHAIRMANJULIAN JUUL WOLHARDT WILL BE APPOINTED AS CHAIRMANFurther company coverage: 6808.HK ((Reuters.Briefs@thomsonreuters.com;))","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250228:nFWN3PI2C8:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1501","BK1177","06808","BK1584"],"gpt_icon":0},{"id":"2514435032","title":"Sun Art Retail - Julian Juul Wolhardt Will Be Appointed as Chairman","url":"https://stock-news.laohu8.com/highlight/detail?id=2514435032","media":"THOMSON 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CONDUCTING","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250227:nFWN3PI0D3:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1501","BK1177","BK1584","06808"],"gpt_icon":0},{"id":"2514887806","title":"Sun Art Retail -  Notified by Relevant Authorities That They Are Conducting an Investigation Into an Independent Supplier","url":"https://stock-news.laohu8.com/highlight/detail?id=2514887806","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514887806?lang=en_us&edition=fundamental","pubTime":"2025-02-27 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Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2510667738","media":"Reuters","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510667738?lang=en_us&edition=fundamental","pubTime":"2025-02-10 23:17","pubTimestamp":1739200646,"startTime":"0","endTime":"0","summary":"BRIEF-Sun Art Retail Receives Approval By SAMR With Respect To Merger Control FilingFeb 10 (Reuters) - Sun Art Retail Group Ltd 6808.HK:RECEIVED APPROVAL BY SAMR WITH RESPECT TO MERGER CONTROL FILINGSource text: ID:nHKS5HR2FDFurther company coverage: 6808.HK ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250210:nFWN3P11BL:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1177","06808","BK1584","BK1501"],"gpt_icon":0},{"id":"2510637398","title":"Sun Art Retail -  Received Approval by Samr With Respect to Merger Control Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2510637398","media":"THOMSON REUTERS","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510637398?lang=en_us&edition=fundamental","pubTime":"2025-02-10 22:46","pubTimestamp":1739198793,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250210:nFWN3P11BL:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1584","06808","BK1501","BK1177"],"gpt_icon":0},{"id":"2500943689","title":"Stocks to Watch Thursday: Tesla, Nvidia, Alibaba -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2500943689","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500943689?lang=en_us&edition=fundamental","pubTime":"2025-01-02 17:52","pubTimestamp":1735811520,"startTime":"0","endTime":"0","summary":"Tesla : New sales data is due from the electric-vehicle maker. Analysts expect fourth-quarter deliveries to fall just shy of the roughly 515,000 units needed for full-year deliveries to surpass 2023's total. Shares added more than 1% premarket.MicroStrategy : Shares of the bitcoin-buying software firm jumped more than 5% premarket, after tumbling in the last four trading sessions of 2024. The gains came as bitcoin climbed above $96,000. Coinbase  stock also rose, adding nearly 4%.Nvidia , Broadcom , Advanced Micro Devices : Chip stocks advanced ahead of the opening bell after ending 2024 on a downbeat note.Alibaba , : The e-commerce company agreed to sell its controlling stake in Chinese hypermarket operator Sun Art Retail Group  in a $1.7 billion deal. Alibaba shares fell 1.3% in Hong Kong, while Sun Art stock slid 20%.BYD , : The Chinese EV-maker sold a record number of electric and hybrid vehicles in December, lifting full-year sales by 41% to 4.3 million vehicles. Shares fell more ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU2097828474.EUR","LU0345769128.USD","MSTR","NVDA","TSLA","SG9999015945.SGD","BABA","LU1496350502.SGD","LU2361044949.HKD","NVDS","NVDS.UK","89988","LU2360107325.USD","AVGO","NVDX","LU1244550494.USD","HYDD.SI","NVDU","AMD","EVS.SI","TSYW.SI","LU2403377893.USD","BYDDY","NVD3.UK","NVIW.SI","COIN","LU0348816934.USD","NVDD","NVD2.UK","01211","LU2023250504.SGD","NVD","SNVD.UK","IE00B19Z8X17.USD","81211","NVDY","TSLL","LU1670710588.SGD","HBBD.SI","09988","06808","BK1142","002594","3NVD.UK","LU0431992006.USD","2NVD.UK","BK4141","LU1868837300.USD"],"gpt_icon":1},{"id":"2500921649","title":"PRESS DIGEST- Wall Street Journal - Jan 2","url":"https://stock-news.laohu8.com/highlight/detail?id=2500921649","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500921649?lang=en_us&edition=fundamental","pubTime":"2025-01-02 14:20","pubTimestamp":1735798839,"startTime":"0","endTime":"0","summary":"PRESS DIGEST- Wall Street Journal - Jan 2Jan 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250102:nL4N3NY07N:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BABA","LU2357305700.SGD","LU0449509016.USD","HBBD.SI","LU1720051108.HKD","09988","SG9999006514.SGD","LU1914381329.SGD","LU1048588211.SGD","LU0082616367.USD","IE00BK4W5M84.HKD","LU0823413660.USD","LU0072462343.USD","LU1328277881.USD","LU0140636845.USD","LU0229945570.USD","LU0469268626.HKD","LU2250418816.HKD","SG9999015978.USD","LU0791590937.USD","LU0259732245.USD","LU0577902298.EUR","LU0345776255.USD","LU0820561818.USD","BK4533","LU1551013425.SGD","06808","LU0128522744.USD","LU0466842654.USD","LU0737861772.HKD","LU0456846285.SGD","BK1575","LU0052750758.USD","BK4588","LU0132412106.USD","LU1956131251.USD","LU0823413587.USD","LU0417516571.SGD","LU0737861699.HKD","LU0054237671.USD","TSYW.SI","LU0577902611.USD","LU0543330566.HKD","89988","LU0315178854.USD","LU0417516738.SGD","LU0106959298.USD","BK4585","LU0164872284.USD"],"gpt_icon":1},{"id":"2500445996","title":"Sun Art Retail Shares Slide on Alibaba's Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=2500445996","media":"Dow Jones","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500445996?lang=en_us&edition=fundamental","pubTime":"2025-01-02 12:56","pubTimestamp":1735793760,"startTime":"0","endTime":"0","summary":"Shares of Sun Art Retail Group fell sharply after Alibaba Group said it would unload the Chinese hypermarket operator, less than five years after its acquisition of a controlling stake.Sun Art stock fell as much as 35% early Thursday before paring its loss to 16.5% at 2.07 Hong Kong dollars, equivalent to 27 U.S. cents, at midday. Alibaba was 0.7% lower at HK$81.80 compared with a 1.5% drop in Hong Kong's benchmark index.Alibaba said late Wednesday it would sell its entire stake in Sun Art to Chinese private-equity firm DCP Capital Partners for up to the equivalent of $1.58 billion. An Alibaba-affiliated company, New Retail, will also sell its 5.04% minority stake, leaving Alibaba with no remaining equity interest in Sun Art.Alibaba's disposal, which it estimated would result in a loss equivalent to $1.8 billion, marks the end of the investment initially started in 2017. The Hangzhou-based company later invested about $3.6 billion to acquire a controlling stake in Sun Art in 2020.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0417516571.SGD","LU0054237671.USD","LU0345775950.USD","LU0348825331.USD","LU0797268264.HKD","LU1242518857.USD","HBBD.SI","LU1642822792.SGD","LU1568876335.HKD","89988","IE00BFMHRM44.USD","LU0456827905.SGD","09988","LU0048580855.USD","LU0348783662.USD","LU0359201885.HKD","LU0106959298.USD","BK4122","LU0163747925.USD","LU0456846285.SGD","LU0873338254.USD","LU0918141887.USD","LU1282649067.USD","LU0307460666.USD","LU0823413660.USD","LU1880398471.USD","LU0672654166.SGD","SG9999002562.SGD","BK4581","LU0052756011.USD","BK4538","LU0634319403.HKD","LU0164865239.USD","LU0054450605.USD","BK4527","LU1316542783.SGD","SG9999001226.SGD","LU2399975544.HKD","LU1044875133.USD","SG9999014674.SGD","06808","LU0979878070.USD","BABA","LU0173614495.USD","LU0831103253.SGD","LU2087589342.USD","BK4554","LU2257852520.SGD","LU0370786039.SGD","LU0251144936.SGD"],"gpt_icon":1},{"id":"2500951459","title":"China and Hong Kong stocks open 2025 lower amid weak economic data","url":"https://stock-news.laohu8.com/highlight/detail?id=2500951459","media":"Reuters","labels":["economic"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500951459?lang=en_us&edition=fundamental","pubTime":"2025-01-02 12:31","pubTimestamp":1735792268,"startTime":"0","endTime":"0","summary":"China and Hong Kong stocks open 2025 lower amid weak economic data SHANGHAI, Jan 2 (Reuters) - China and Hong Kong stocks fell on their first trading session of 2025, hurt by weaker-than-expected Chin","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250102:nL1N3NY02H:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"economic","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1584","BK4558","BK4565","BK4535","LU0880133367.SGD","BK4581","LU1823568750.SGD","LU0821914370.USD","LU0501845795.SGD","LU1282648689.USD","LU0918141705.HKD","BK4504","BK4526","BK4579","LU1048596156.SGD","LU0348816934.USD","BK4585","IE00B0JY6N72.USD","LU0128525689.USD","BK1501","BK4534","BK4527","LU0052756011.USD","LU0797268264.HKD","BK4588","06808","LU0310800965.SGD","BK4503","LU0251143458.SGD","BK4575","BK4554","LU1046422090.SGD","BK4502","LU1880383366.USD","LU1051768304.USD","BK4548","BK4505","BK4122","BK4587","LU1105468828.SGD","LU0067412154.USD","LU1688375341.USD","LU0072913022.USD","BK1177","BK4538","LU0348814723.USD","IE00BFMHRM44.USD","LU2226246903.HKD"],"gpt_icon":1}],"pageSize":16,"totalPage":4,"pageCount":1,"totalSize":51}]}}