Ccoop Group Co., Ltd. (000564.SZ) intends to acquire a 51% stake in Beijing New Cooperation Commercial Development for 1.511 billion yuan.

Ccoop Group Co., Ltd. (000564.SZ) announced that the company plans to acquire 51% equity of Beijing Xinhezuo Business Development Co., Ltd. held by China Supply and Marketing Trade Group Co., Ltd. (referred to as "Supply and Marketing Trade Group"), Hunan Zhongsheng Wumao Investment Co., Ltd. (referred to as "Zhongsheng Wumao") and Hunan Ruilong Business Co., Ltd. (referred to as "Ruilong Business") for a cash consideration of 1.511 billion yuan. The target company has invested in and operated 20 "Xingyue Mao" smart commercial projects with dual civil and military functions, and invested in and operated 8 integrated procurement and distribution centers that combine Shenzhen Agricultural Power Group procurement distribution, cold chain warehousing, processing and packaging, display trading, LTL express, live streaming e-commerce, and fourth-party shared logistics functions. After the acquisition, the underground commercial street of the target company can synergize with the listed company's existing department stores, supermarkets, and other retail outlets, enhancing the listed company's network layout in urban and rural circulation infrastructure construction. Additionally, the commercial logistics projects of the target company can complement and optimize the business of the listed company's existing commercial logistics parks, helping accelerate the channel construction of the listed company in urban-rural dual circulation, better connecting the two-way circulation channels of "industrial products going to rural areas and agricultural products going to cities", and promoting the realization of the strategic goal of urban-rural circulation infrastructure construction and operation.