Sun Art Retail Group Ltd (6808.HK)
15 Jun 2018
* Says to work with Alibaba to make use of big data (Recasts on share plunge, adds management comment)
HONG KONG Hypermarket operator Sun Art Retail Group posted an 8.6 percent rise in full-year net profit on Sunday and said it would work with Alibaba to optimise its product range and service through use of big data.
HONG KONG, March 4 Hypermarket operator Sun Art Retail Group Ltd posted a 8.6 percent rise in 2017 net profit on Sunday as steady demand from lower-tier cities helped offset pressure from rapidly growing e-commerce.
* CHENG CHUAN-TAI HAS RESIGNED AS A NON-EXECUTIVE DIRECTOR, CHAIRMAN OF BOARD
* MEMBERSHIP AGREEMENT HAS A TERM COMMENCING FROM 1 JANUARY 2018 AND ENDING ON 31 DECEMBER 2018. Source text for Eikon: Further company coverage:
* COMPANY ENTERED INTO NEW AGENCY AGREEMENT AND NEW SUBCONTRACTING AGREEMENT WITH PATINVEST. Source text for Eikon: Further company coverage: