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Yonghui Supermarket: Termination of Carrefour China Negotiations

via:新浪科技     time:2019/6/24 16:32:38     readed:72

Yonghui Supermarket said that since the planning of this outward investment, the company and its partners have actively negotiated with each other on related matters. According to the current market environment, considering all relevant factors, in order to safeguard the interests of listed companies and all shareholders, the company decided to terminate the negotiations on foreign investment.

Suning Easy Buy announced yesterday evening that Suning International, a wholly-owned subsidiary of the company, plans to invest 4.8 billion yuan to buy 80% of Carrefour China. After the completion of this transaction, Suning E-Buy will become the controlling shareholder of Carrefour China, and Carrefour Group's share-holding ratio will be reduced to 20%.

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