Brief: Best Mart 360 Establishes Wholly Foreign-Owned Enterprise In Shenzhen

Best Mart 360 Holdings

27/12/2019 13:19

Dec 27 (Reuters) - Best Mart 360 Holdings Ltd  2360.HK :
    * ESTABLISHED A WHOLLY FOREIGN-OWNED ENTERPRISE IN SHENZHEN
PRC
    * BELIEVE OUTBOUND EXPANSION OF RETAIL BUSINESS OF GROUP
INTO PRC
MAINLAND WILL BROADEN GROUP'S MARKET COVERAGE & CUSTOMERS'
NETWORK
    * BEST MART PRC WILL BE PRINCIPALLY ENGAGED IN RETAIL
BUSINESS OF
PRE-PACKAGED FOOD, ALCOHOL AND BEVERAGES, AMONG OTHERS
    * EXPECTS ESTABLISHMENT OF BEST MART PRC WILL NOT HAVE ANY
MATERIAL IMPACT ON GROUP'S OPERATING RESULTS FOR FY ENDING 31
MARCH 2020
    * MASS POPULATION & STEADY GROWTH OF ECONOMY IN PRC MAINLAND
WILL
BE CONSTRUCTIVE & SUPPORTIVE TO REVENUE GROWTH OF GROUP IN LONG
TERM

Source text for Eikon:  ID:nHKS61mCVd 
Further company coverage:  2360.HK 

 ((Reuters.Briefs@thomsonreuters.com;))