In August 2014, SSE listed company Yonghui Superstores Co., Ltd.—a leading enterprise in Chinese chain supermarket field introduced the strategic investment from Dairy Farm Co., Ltd. ("Dairy Farm") via private placement, with the aforesaid investment issue being approved by Yonghui's shareholder meeting. Dairy Farm is a wholly-owned subsidiary of the global leading retail enterprise—Dairy Farm International Holdings Limited. In this private placement transaction, Dairy Farm envisages to purchase 813,100,468 shares of Yonghui Superstores Co., Ltd. by cash with a total subscription amount of RMB 5,691,703,276, which accounts for 19.99% of Yonghui's shares after this issuance. Procedures like administrative licensing made by supervision departments need to be further executed for the fulfillment of this transaction.
As PRC legal counsel for Yonghui Superstores Co., Ltd. in China, Llinks provided a full range of legal services for this transaction.
