This also means that Yonghui Supermarket’s sale of its stake in Zhongbai Group is an overall exit at a loss, but due to previous provisions, this sale will increase Yonghui Supermarket’s investment income in .
Looking back, in November 2013, Yonghui Superstores and its subsidiaries began to intensively increase their holdings in Zhongbai Group. shareholding ratio soon reached 4.99%, and they raised their stake for the first time in January of the following year.
In March, April and December 2014, Yonghui raised its stake in Zhongbai Group three times.
At the end of 2014, Yonghui Supermarket and its whollyowned subsidiary indonesia phone number list held a total of 20% of Zhongbai Group’s shares, becoming the second largest shareholder of Zhongbai Group.
In June 2017, Yonghui raised its stake for the fifth time. At the end of the third quarter of 2017, Yonghui continued to increase its holdings to 29.86%.
During this period, Yonghui Supermarket and Zhongbai Group also carried out indepth cooperation at the business level.
However, due to strategic adjustments, Yonghui Supermarket began to reduce its holdings in Zhongbai Group for the first time in September 2022, and reduced its holdings in Zhongbai Group by a total of approximately 136 million shares that year.
Since then, Yonghui Supermarket has gradually sold Zhongbai Group's shares, and by early December this year, its shareholding ratio had dropped to below 5%.