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Dairy Farm International Holdings Ltd (Bermuda) (DFIB)

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Dairy Farm splashes $190m on shares in China's Yonghui Superstores

10 Aug 16

LONDON (ShareCast) - (ShareCast News) - Dairy Farm International confirmed it has invested a further $190m in Yonghui Superstores in order to keep its share of the Chinese supermarket chain as it completed a new round of fundraising.
London-listed and Bermuda-registered Dairy Farm bought 287m shares to maintain its stake in Yonghui at 19.99% as the Shanghai-listed company sold a 10% interest and its chairman Zhang Xuansong bought a 2% interest.

The number of shares acquired was adjusted from Yonghui's initial announcement over the weekend, to take account of a bonus issue of shares made in June 2016.

Yonghui is based in Fuzhou, Fujian province in mainland China and operates 412 retail outlets across the People's Republic.

Dairy Farm is a leading pan-Asian retailer and a member of the Jardine Matheson Group.

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Market Data

Currency US Dollars
Price $9.17
Change Today $0.00
52 Week High $9.17
52 Week Low $5.76
Volume 0
Shares Issued 1,352.68m
Market Cap $12,404m


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