The Jardine Matheson subsidiary is purchasing a near 20 percent stake in Shanghai-listed Yonghui Superstores for $925 million.
August 13, 2014 at 11:57 PM
1 minute read
The original version of this story was published on Global Lawyer News
Linklaters is advising Hong Kong-based retail giant Dairy Farm International Holdings Ltd. on a $925 million investment in China’s Yonghui Superstores Co.
Dairy Farm, acting through a subsidiary, is buying a 19.9 percent stake in Fuzhou-based supermarket operator Yonghui. According to its website, Shanghai-listed Yonghui currently has 300 chain supermarkets in 17 Chinese provinces and municipalities.
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