Lianhua Supermarket Announces Proposed Sale of Shanghai Century Subsidiary

Reuters
Nov 05
<a href="https://laohu8.com/S/LHUAF">Lianhua Supermarket</a> Announces Proposed Sale of Shanghai Century Subsidiary

Lianhua Supermarket Holdings Co. Ltd. has proposed the disposal of its entire equity interests in Shanghai Century, a subsidiary of the company. The transaction is subject to regulatory approval, ongoing negotiations, and the signing of a definitive agreement. In addition, a proposed entrustment management arrangement related to the disposal is under consideration. The company stated that there is no certainty that the proposed disposal or the management arrangement will proceed.

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