Sichuan Commercial Investment Co., Ltd. agreed to acquire 10% stake in Chengdu Hongqi Chain Co.,Ltd. (SZSE:002697) from Yonghui Superstores Co., Ltd. (SHSE:601933) for approximately CNY 800 million on December 21, 2023. The transaction is unanimously approved by board of directors of Yonghui Superstores Co., Ltd. As on December 29, 2023 Transaction has already been approved by Yonghui Superstores's shareholders.