Yonghui Superstores (SHA:601933), through unit Chongqing Yonghui Supermarkets, divested about 9.9% of Zhongbai Holding Group for 440 million yuan, according to a Shanghai Stock Exchange disclosure on Thursday.
About 67.1 million shares of Zhongbai were sold through centralized bidding between Dec. 3 and Dec. 17.
The sale is expected to increase the Chinese supermarket operator's income this year by 161 million yuan.
Yonghui's shares slumped less than 8% in recent trade.
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