May 2, 2017 / 12:47 PM / 3 months ago

BRIEF-Lianhua Supermarket says unit entered into acquisition agreement

1 Min Read

May 2 (Reuters) - Lianhua Supermarket Holdings Co Ltd :

* Lianhua Huashang entered into acquisition agreement with Bailian Group

* Deal for a cash consideration of rmb970.8 million

* Lianhua Huashang agreed to purchase 100% equity interest in Yiwu City Life

* Company entered into disposal agreement with Bailian Group for a cash consideration of rmb378.6 million

* Bailian agreed to purchase, and company conditionally agreed to sell, 100% equity interest in Lianhua Live and Fresh Source text: [bit.ly/2pE6f0Q] Further company coverage:

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