Lianhua Supermarket Sells Entire Stake in Subsidiary Yangpu Century Lianhua

Reuters11-19
<a href="https://laohu8.com/S/LHUAF">Lianhua Supermarket</a> Sells Entire Stake in Subsidiary Yangpu Century Lianhua

Lianhua Supermarket Holdings Co. Ltd. has disclosed the disposal of its entire equity interest in Yangpu Century Lianhua by its wholly-owned subsidiary, Century Lianhua Development, to Shanghai Dongran. The transaction is subject to approval at an extraordinary general meeting. The announcement also notes the possibility of a continuing connected transaction in relation to an Entrustment Management Agreement. Certain directors have abstained from voting on the matter due to potential conflicts of interest.

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