Brief: Lianhua Supermarket terminates deal to acquire Yiwu City Life & Jimaisheng

Lianhua Supermarket Holdings

31/10/2016 08:38

Oct 31 (Reuters) - Lianhua Supermarket Co Ltd  0980.HK  : 
    * Reference is made to announcement issued by Lianhua 
Supermarket Holdings Co., Ltd dated 30 march 2016 
    * Company has decided not to proceed with acquisition and 
continuing connected transactions 
    * Termination of agreement will not have any material 
adverse impact on existing business, financial and operational 
position of group 
    * Updates on transaction in relation to acquisition of Yiwu 
City Life & Jimaisheng and disposal of Lianhua Logistics 
 
Source text for Eikon:  ID:nHKS1R3mWP  
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