cp lotus

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.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

Le saunda retail sales in the first quarter was 25.2%, same-store sales fell 6.6%

Leysdan (0738, le saunda) announced the first quarter retail sales data as…

5G licensing will drive 10.6 trillion economic output to create more than 3 million jobs

The 5G commercial license was officially issued, and China Mobile, China Unicom,…

Intel considers selling mobile phone 5G internet chip business or selling it to Apple

Intel last week decided to withdraw from the mobile 5G router chip…

Japan’s net external assets reached US$3.1 trillion last year and held the world’s largest creditor country

Japan’s Ministry of Finance data showed that Japan’s net external assets rose…