In the news: Dairy Farm buys PRC supermarket stake, HK-SH connect issues more rules and instant-messaging apps face restrictions

This week Dairy Farm bought a US$925 million stake in Yonghui Superstores, the Hong Kong-Shanghai connect clarified securities transfer and sale rules and the State Internet Information Office tightened censorship on mobile chat apps

5 minute read August 14, 2014 at 09:53 AM

clpstaff and clp articles

Dairy Farm buys US$925 million stake in Yonghui Superstores

Dairy Farm, owned by Jardine Matheson (which operates Wellcome, Hong Kong's largest supermarket chain, and beauty chain Mannings), has agreed to buy a 19.9% stake in Yonghui Superstores for Rmb5.7 billion (US$925 million).

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