Sanjiang Shopping Club Co.,Ltd agreed to acquire Ningbo Shibei Trading Co., Ltd. from Shanghai Hean Investment Management Co., Ltd. for CNY10 million.
November 01, 2023
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Sanjiang Shopping Club Co.,Ltd (SHSE:601116) agreed to acquire Ningbo Shibei Trading Co., Ltd. from Shanghai Hean Investment Management Co., Ltd. for CNY10 million on November 2, 2023. The resolutions involved in this transaction have been reviewed and approved at the 17th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors of Sanjiang Shopping Club Co.,Ltd. Related director Chen Nianci abstained from voting. The independent directors issued prior approval and independent opinions on this transaction.
Sanjiang Shopping Club Co Ltd is a China-based company mainly engaged in the operation of supermarkets, innovative stores and small-scale stores. The Company also conducts online sales through Yuncai application (APP)/mini program, Taoxianda and Ele.me. It mainly provides food, fresh food, grain and oil, beverages, liquor and tobacco, daily necessities, knitting products, sports and entertainment products, cosmetics, cultural and office supplies and other products. The Company mainly conducts its businesses in Zhejiang Province, China with Ningbo as its main market.