Brief: Lianhua Supermarket says unit entered into acquisition agreement

Lianhua Supermarket Holdings

02/05/2017 13:28

May 2 (Reuters) - Lianhua Supermarket Holdings Co Ltd 
 0980.HK : 
    * Lianhua Huashang entered into acquisition agreement with 
Bailian Group 
    * Deal for a cash consideration of rmb970.8 million 
    * Lianhua Huashang agreed to purchase 100% equity interest 
in Yiwu City Life 
    * Company entered into disposal agreement with Bailian Group 
for a cash consideration of rmb378.6 million 
    * Bailian agreed to purchase, and company conditionally 
agreed to sell, 100% equity interest in Lianhua Live and Fresh 
 
Source text: [http://bit.ly/2pE6f0Q] 
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