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An announcement from Lianhua Supermarket Holdings Co ( (HK:0980) ) is now available.
Lianhua Supermarket Holdings Co., Ltd. has announced a possible transaction involving the disposal of its entire equity interest in its subsidiary, Shanghai Century Lianhua Supermarket Yangpu Co., Ltd., to Shanghai Dongran Industrial Co., Ltd., a subsidiary of Bailian Group Co., Ltd. This move is part of a strategic shift, and the disposal’s terms will be finalized based on an independent valuation. Additionally, Lianhua plans to enter into an entrustment management arrangement with Shanghai Dongran, providing operational management and support services to the disposed subsidiary. These strategic decisions could potentially impact Lianhua’s operational focus and market positioning.
The most recent analyst rating on (HK:0980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Lianhua Supermarket Holdings Co stock, see the HK:0980 Stock Forecast page.
More about Lianhua Supermarket Holdings Co
Lianhua Supermarket Holdings Co., Ltd. is primarily engaged in the retail chain business, operating hypermarkets, supermarkets, and convenience stores across the People’s Republic of China.
Average Trading Volume: 264,749
Technical Sentiment Signal: Sell
Current Market Cap: HK$547.5M
For a thorough assessment of 0980 stock, go to TipRanks’ Stock Analysis page.