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Yonghui shareholders approve inv by Dairy Farm

29 Aug 2014 07:00

RNS Number : 3032Q
Dairy Farm International Hldgs Ltd
29 August 2014
 

Yonghui Superstores' shareholders approve investment by Dairy Farm

 

29th August 2014 - Dairy Farm International Holdings Limited ('Dairy Farm') announced on 11th August 2014 that its wholly owned subsidiary, The Dairy Farm Company Limited, had entered into a conditional agreement to invest in a 19.99% interest in Yonghui Superstores Co., Ltd.

 

Dairy Farm is pleased to announce that on 28th August 2014 Yonghui Superstores' shareholders approved the proposed investment. The proposed investment still requires certain regulatory approvals in the PRC, which are expected to take at least six months to complete.

 

 

Neil M McNamara, Jardine Matheson LimitedFor and on behalf of Dairy Farm International Holdings Limited

 

29th August 2014

 

www.dairyfarmgroup.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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