CP Lotus was privatized by its controlling shareholder and its share price rose slightly by 1%

CP Lotus (0121), which operates a large supermarket in the Mainland, announced that the ultimate controlling shareholder Charoen Pokphand Group plans to privatize CP Lotus at a price of 0.11 yuan per share, a 10% premium to the final closing price, which was released at the end of 2018. The share of the audited consolidated net asset value per share calculated by the share is approximately HK$0.072 with a premium of approximately 52.8%. The privatization plan involved about 426 million yuan.

The main business of CP Lotus is to operate large supermarkets in the Mainland, with 80 retail outlets and three shopping malls. The annual loss as of the end of 2018 was RMB 288 million, and a profit of RMB 179 million was recorded in the same period in 2017.