Yiwu City Life and Jimaisheng have had a fairness opinion conducted
Yiwu City Life and Jimaisheng have had a fairness opinion conducted on a related party transaction.
Both Yiwu City Life and Jimaisheng are wholly owned subsidiaries of Bailian Group, which is principally engaged in businesses relating to domestic trading, production materials supply, logistics and development of commercial properties. Yiwu City Life is principally engaged in the development and operation of the Yiwu Property. Jimaisheng is principally engaged in the operation of a large hypermarket chain with 15 outlets located in Shanghai, China.
Lianhua Supermarkets Holdings Co Ltd, a joint stock limited company incorporated under the laws of PRC with limited liability, the H Shares of which are listed on the main board of the Hong Kong Stock Exchange. It is principally engaged in retail chain business and the operation of hypermarkets, supermarkets and convenience stores in the PRC.
Bailian Group was incorporated in the PRC with limited liability and is principally engaged in business related to domestic trading, production materials supply, logistics and development of commercial properties.
Oaklins' team in Hing Kong acted as independent financial advisor to Lianhua Supermarkets Holdings Co Ltd related to the acquisition of 75% equity interest in Yiwu City Life and the entire equity interest in Jimaisheng.
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