DFI Retail Group Holdings (SG:D01) has released an update.
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DFI Retail Group Holdings Limited has strategically sold its significant stake in Yonghui Superstores Co., Ltd. to a subsidiary of MINISO Group, netting approximately RMB 4.5 billion in gross cash proceeds. This divestiture allows DFI Retail to reallocate capital towards the expansion of its subsidiary businesses. The completion of the deal is contingent upon regulatory approvals and shareholder consent.
For further insights into SG:D01 stock, check out TipRanks’ Stock Analysis page.
