男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Companies

Supermarket chain Yonghui completes stake sale to fund expansions

By ZHU WENQIAN (China Daily) Updated: 2015-02-26 09:56

Yonghui Superstores Co Ltd, the Fuzhou-based supermarket chain and one of China's Fortune 500 companies, has completed the sale of 5.7 billion yuan ($912 million) worth of shares, around 20 percent, to Dairy Farm International Holdings Ltd to fund various expansions including the setting up of an e-commerce platform.

It is the second time Yonghui has raised funds by selling stock after it went public on the Shanghai Stock Exchange in 2010.

Yonghui said it aims to use the funds to launch further retail outlets, upgrade its store management system, build a series of logistics distribution centers, as well as build an e-commerce platform.

Dairy Farm is an Asian retail giant and a member of the London-listed conglomerate Jardine Matheson Group.

It is buying 813.1 million shares in Yonghui at 7 yuan each as it seeks to further tap China's consumer market.

"Dairy Farm has for some time been looking for opportunities to participate in the large, high-growth Chinese market," said Graham Allan, Dairy Farm's chief executive, in a statement to the London Stock Exchange when the deal was first revealed in August.

"This strategic partnership with Yonghui provides an attractive way to do that."

According to the acquisition agreement, Yonghui's products will be given access to Dairy Farm's distribution channels, which will also give the Chinese company's products more international sales exposure. Dairy Farm operates more than 5,800 supermarkets and health and beauty stores across Asia.

The two sides have also signed a cooperation agreement allowing premium Western goods, normally sold in Dairy Farm outlets, to be sold in Yonghui stores.

James Roy, associate principal at China Market Research Group, said that the buyout will help Yonghui become more competitive.

"Business of traditional retailers is slowing down with the rapid rise of e-commerce. Retailers have to look into gaining bigger market share and stronger distribution channels by shifting online."

Roy said that grocery stores particularly are facing challenging times as many online retailers, including online platforms such as Tmall.com, have been growing market share.

With more people getting Internet access on their computers, tablets and mobile devices, e-commerce will continue to be the big retail trend of this year, Roy said.

Yonghui is China's fifth-largest hypermarket company. It operates more than 460 supermarkets in 17 provinces and cities including Beijing, Shanghai, Chongqing, Zhejiang and Guizhou.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 全椒县| 澄迈县| 航空| 疏附县| 汕头市| 同德县| 津市市| 香格里拉县| 呼伦贝尔市| 苍溪县| 浙江省| 沂源县| 蒙阴县| 兖州市| 永川市| 广安市| 云南省| 北碚区| 临桂县| 金沙县| 红河县| 遂宁市| 龙江县| 漾濞| 宜良县| 休宁县| 哈密市| 名山县| 普陀区| 屏东市| 瓮安县| 淮滨县| 容城县| 广汉市| 萝北县| 西充县| 中牟县| 满洲里市| 都兰县| 新余市| 本溪市|