An update from Lianhua Supermarket Holdings Co ( (HK:0980) ) is now available.
Lianhua Supermarket Holdings Co., Ltd. announced the completion of a connected transaction involving the subscription of new domestic shares, with 360 million shares issued to Bailian Group. The transaction raised approximately RMB357 million, which will be used primarily for business ecological transformation, including upgrading supermarket and hypermarket outlets, and enhancing digital systems and supply chain management.
More about Lianhua Supermarket Holdings Co
Lianhua Supermarket Holdings Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the retail industry, focusing on supermarkets and hypermarkets. The company is involved in the conversion and upgrading of its outlets, enhancing supply chain management, and driving digital transformation.
YTD Price Performance: 109.52%
Average Trading Volume: 540
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $41.75M
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