On the evening of May 12, Lianhua Supermarket announced that the company signed a share subscription agreement with Bailian Group. The company has conditionally agreed to issue no more than 360 million new domestic shares, and that Bailian Group has agreed to subscribe 360 million new domestic shares in cash. The subscription price is RMB 1.00 (equivalent to approximately HK$1.10051) for each new domestic share, and the total amount of capital raised is estimated to be about RMB 360 million.
联华超市获百联集团3.6亿元增资，加速业态转型
Lianhua supermarket received 360 million yuan capital increase from Bailian Group to accelerate business transformation
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