JD.com (HKG:9618) unit Beijing Jingdong Century Trade will offload its remaining stake in Yonghui Superstores (SHA:601933), according to a Wednesday filing with the Shanghai Stock Exchange.
Jingdong will sell its 266,431,001 shares in Yonghui, with 90,750,369 shares to be sold by auction and 175,680,632 shares to be sold by block trading, the filing said.
The stake is equivalent to 2.94% of Yonghui's total shareholding.
JD.com first purchased a stake in Yonghui in April 2015 for 4.2 billion yuan, and injected another 1.2 billion yuan in 2018, according to a Yicai Global report.
The supermarket chain racked up losses in 2021, leading to JD.com trimming its stake slowly, the report said.
In September 2024, JD.com and two other shareholders offloaded a 29.4% stake in the supermarket chain, leading to the last 2.94% stake, the report said.
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