MNSO (09896) acquires a 29.4% stake in Yonghui Superstores, becoming the largest shareholder of Yonghui Superstores.
Mincang Youpin acquires a 29.4% stake in Yonghui for 6.3 billion yuan.
MNSO announced on the evening of September 23 that it will acquire a 29.4% stake in Yonghui Superstores for 6.3 billion RMB on the Hong Kong Stock Exchange, which includes the 21.1% stake held by the dairy company and the 8.3% stake held by JD.com.
The announcement shows that after the transaction is completed, MNSO is expected to become the largest shareholder of Yonghui Superstores, further expanding its offline retail footprint. The success of the "Pinduoduo model" has brought about a major transformation in the Chinese supermarket industry, with Yonghui achieving breakthroughs in sales, customer traffic, and other dimensions after adjustments by Pinduoduo. As a rapidly globalizing Chinese retail brand, the cooperation between MNSO and Yonghui is expected to create a "Chinese version of Sam's Club".
Related Articles
China Securities Co., Ltd.: Real estate investment and construction completion still under pressure in August, first-tier city regulation provides some support to the market.
Hong Kong Stock Concept Tracking | Nine departments release "19 measures" to expand service consumption, and the policy to promote consumption is expected to be further strengthened (including conceptual stocks)
Hong Kong stock concept tracking | Tourism fever rising! National Day and Mid-Autumn Festival daily air ticket booking volume increased by over 25%. Institutions are optimistic about the profit elasticity brought by the recovery of seat occupancy (including concept stocks).
China Securities Co., Ltd.: Real estate investment and construction completion still under pressure in August, first-tier city regulation provides some support to the market.
Hong Kong Stock Concept Tracking | Nine departments release "19 measures" to expand service consumption, and the policy to promote consumption is expected to be further strengthened (including conceptual stocks)
Hong Kong stock concept tracking | Tourism fever rising! National Day and Mid-Autumn Festival daily air ticket booking volume increased by over 25%. Institutions are optimistic about the profit elasticity brought by the recovery of seat occupancy (including concept stocks).
