Shanghai New World Co., Ltd completed the acquisition of 6.1245% of stake in Zhejiang Guojun Co., Ltd. from Shen Guojun and Shen Junyan
March 06, 2023
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Shanghai New World Co., Ltd (SHSE:600628) agreed to acquire 6.1245% of stake in Zhejiang Guojun Co., Ltd. from Shen Guojun and Shen Junyan for approximately CNY 490 million on February 16, 2023. The transfer of this share agreement still needs to be confirmed by the Shanghai Stock Exchange and the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.
Shanghai New World Co., Ltd (SHSE:600628) completed the acquisition of 6.1245% of stake in Zhejiang Guojun Co., Ltd. from Shen Guojun and Shen Junyan on March 7, 2023.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
