Core Viewpoint - Lianhua Supermarket (00980) plans to sell its entire stake in Shanghai Lianhua Supermarket Yangpu Co., Ltd. to Baill Group's subsidiary, Shanghai Dongran Industrial Co., Ltd., based on an independent valuation report [1][2] Group 1: Sale Details - The sale price will be determined based on an independent assessment and agreed upon in a formal share transfer agreement [1] - Yangpu Lianhua primarily operates large comprehensive supermarkets in Yangpu District, Shanghai, and Henan Province [1] Group 2: Management Arrangement - After the sale is completed, the company intends to enter into a management agreement with Shanghai Dongran to provide operational management and resource support to Yangpu Lianhua [1] - The management support will include personnel management, brand support, information system support, and product supply support to help achieve new operational goals [2] Group 3: Strategic Considerations - The decision to sell is based on the company's long-term sustainable development strategy and aims to enhance overall performance [1] - The company is focusing on asset divestiture to better concentrate on its core business development in Shanghai and Zhejiang [1]
联华超市拟向百联集团出售杨浦世纪联华