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Lianhua Supermarket Holdings Co ( (HK:0980) ) has issued an announcement.
Lianhua Supermarket Holdings Co., Ltd. has announced that its major shareholders, Bailian Group and Shanghai Bailian, plan to terminate an existing equity entrustment agreement under which Shanghai Bailian exercised certain shareholder rights over 614,160,000 domestic shares held by Bailian Group. After the termination, those shareholder rights will revert to Bailian Group, and Shanghai Bailian will cease to consolidate Lianhua in its financial statements, signaling a clearer separation of control while both parties aim to refocus resources on upgrading core businesses and driving higher-quality development.
Bailian Group has secured a waiver from Hong Kong’s Securities and Futures Commission under the Takeovers Code, meaning the termination of the entrustment will not trigger a mandatory general offer for Lianhua’s shares. The move clarifies the ownership structure without altering Bailian Group’s overall economic stake and removes potential takeover implications for minority shareholders, while positioning Lianhua and its controlling shareholder for more streamlined governance and strategic transformation.
More about Lianhua Supermarket Holdings Co
Lianhua Supermarket Holdings Co., Ltd. is a China-based retail operator listed in Hong Kong, engaged primarily in running supermarkets and related formats serving domestic consumers. Its major shareholders include Bailian Group Co., Ltd. and Shanghai Bailian Group Co., Limited, which together control a significant majority of the company’s domestic share capital.
Average Trading Volume: 139,185
Technical Sentiment Signal: Sell
Current Market Cap: HK$488.3M
For a thorough assessment of 0980 stock, go to TipRanks’ Stock Analysis page.