Bailian Co., Ltd. and Alibaba Technology Co., Ltd. entered into a share transfer agreement to acquire 20% stake in Lianhua Supermarket Holdings Co., Ltd. from Shanghai Yiguo E-Commerce Co., Ltd.
May 26, 2017
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Bailian (Group) Co., Ltd. and Alibaba (China) Technology Co., Ltd. entered into a share transfer agreement to acquire 20% stake in Lianhua Supermarket Holdings Co., Ltd. (SEHK:980) from Shanghai Yiguo E-Commerce Co., Ltd. on May 26, 2017. Under the terms of transaction, Bailian (Group) Co., Ltd. will acquire an additional 22.4 million domestic shares and Alibaba (China) Technology Co., Ltd. will acquire 201.5 million domestic shares of Lianhua Supermarket Holdings Co., Ltd.
Lianhua Supermarket Holdings Co., Ltd. is a Hong Kong-based investment holding company principally engaged in the operation of hypermarkets. Its brands include Century Mart, Lianhua Supermarket, Hualian Supermarket and Lianhua Quik. The Company operates through four segments. Hypermarket Chain Operation segment is engaged in the operation of chain hypermarkets. Supermarket Chain Operation segment is engaged in the operation of chain supermarkets. Convenience Store Chain Operation segment is engaged in the operation of chain convenience stores. Other Operations segment is engaged in the sales of merchandises to wholesalers, the provision of logistics services for wholesale businesses, as well as the sales of goods through Internet. The Company operates businesses in Shanghai, Zhejiang, Jiangsu, Liaoning, Beijing, Guangxi, Anhui, Jiangxi, Henan, Inner Mongolia and other Chinese regions.
Bailian Co., Ltd. and Alibaba Technology Co., Ltd. entered into a share transfer agreement to acquire 20% stake in Lianhua Supermarket Holdings Co., Ltd. from Shanghai Yiguo E-Commerce Co., Ltd.
LIANHUA SUPERMARKET HOLDINGS CO., LTD. 
