Gelong Hui (600827) (600827)WoocasinonodepositSH) announced that the company's controlling shareholder, Bailian Group Co., Ltd. (hereinafter referred to as "Bailian Group") intends to sign a "share subscription Agreement" with the company's holding subsidiary Lianhua supermarket Co., Ltd. (hereinafter referred to as "Lianhua supermarket"). Bailian Group subscribes for no more than 360 million new domestic shares of Lianhua supermarket with cash at RMB1.00 per new domestic share. After the completion of the issuance of new domestic shares by Lianhua supermarket, the company directly owns Lianhua supermarket.WoocasinonodepositThe proportion of equity will be reduced from 20.03% to 15.15%.
Lianhua supermarket was founded in 1997, the main business covers hypermarkets, standard super, convenience stores three major retail formats, continue to serve the diversified needs of consumers. Lianhua supermarket was listed on the Hong Kong Stock Exchange on June 27, 2003. It is the first Chinese retail supermarket chain listed on the Hong Kong Stock Exchange. In recent years, under the influence of various internal and external factors, Lianhua supermarket is facing a big bottleneck in its development. in order to better realize the transformation and develop the core business format, Lianhua supermarket plans to issue new domestic shares to Bailian Group. to provide funds for its strategic transformation and sustainable and healthy development.
In order to promote the long-term and healthy development of Lianhua supermarket subsidiaries and optimize the corporate debt structure, Lianhua supermarket and its wholly-owned subsidiary Shanghai Century Lianhua supermarket Development Co., Ltd. plan to increase capital to some wholly-owned subsidiaries, the base date of capital increase is December 31, 2023, this capital increase has been examined and approved by the 35th meeting of the Ninth Board of Directors of the company, and the capital increase plan and amount are as follows:
