Sun Art Retail Group (HK:6808) has released an update.
Sun Art Retail Group has received a proposal for a voluntary conditional offer for its shares, with discussions ongoing between Alibaba Group’s subsidiaries and a potential offeror. Alibaba currently holds a significant stake in Sun Art, and the outcome of these negotiations could impact the company’s share structure. Investors are advised to watch closely as these talks could lead to significant market movements.
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