The completion of the disposal is subject to clearance from relevant antitrust authorities on the Chinese mainland and the Shanghai Stock Exchange, clearance from the relevant foreign exchange authorities on the Chinese mainland for the group’s account opening for receipt of transfer price.
DFI Retail Group has disposed of 1,913,135,376 shares indirectly held through its subsidiary in Yonghui Superstores to Guangdong Juncai International Trading, a subsidiary of MINISO Group Holding Limited.
The disposal of the shares, which are listed on the Shanghai Stock Exchange, will net the group RMB4.9 billion ($823.3 million), or RMB2.35 per share, upon completion.
