Zhongzhao Investment Management Company Limited cancelled the acquisition of Shenyang Commercial City Department Store Co., Ltd. from Shenyang Commercial City Co.,Ltd..
September 22, 2022
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Zhongzhao Investment Management Company Limited signed a Letter of Intent to acquire Shenyang Commercial City Department Store Co., Ltd. from Shenyang Commercial City Co.,Ltd. (SHSE:600306) on January 11, 2022. As of September 30, 2021, Shenyang Commercial City reported total assets of CNY 1.3 billion and net assets of CNY 815.2 million. The transaction is approved by the board of directors of Shenyang Commercial City. As of September 23, 2022, The board of Shenyang Commercial City approved the Proposal on Termination of Major Assets Sales on 14th meeting of the 8th Board of Directors held on September 23, 2022.
Zhongzhao Investment Management Company Limited cancelled the acquisition of Shenyang Commercial City Department Store Co., Ltd. from Shenyang Commercial City Co.,Ltd. (SHSE:600306) on September 23, 2022.
Shenyang Commercial City Co Ltd is a China-based company mainly engaged in merchandise retail, with its main business formats being department stores and supermarkets. Department stores and supermarkets are mainly engaged in the sale of goods, and the product categories involved mainly include clothing, shoes and hats, bedding, outdoor sporting goods, cosmetics, gold and jewellery. The leasing business is mainly engaged in leasing part of the company's store locations, including department stores, restaurants, leisure, entertainment and supporting services. The Company mainly operates its businesses in the domestic market.
Zhongzhao Investment Management Company Limited cancelled the acquisition of Shenyang Commercial City Department Store Co., Ltd. from Shenyang Commercial City Co.,Ltd..
SHENYANG COMMERCIAL CITY CO.,LTD. 
