China’s Lianhua Supermarket Will Acquire Hualian Supermarket

Lianhua Supermarket, a subsidiary of the Bailian Group, has announced that it will acquire a 100% stake in Hualian Supermarket from Bailian Group for CNY492 million.

With the implementation of the acquisition, Hualian experiences major executive changes. According to a report published by the company, Hua Guoping, the former general manager for Bailian’s supermarket business department, has been appointed general manager for the new Lianhua Supermarket, and Liang Wei, the former general manager of Lianhua Supermarket, has been appointed executive deputy general manager.

On the completion of the acquisition, Hualian Supermarket will become a subsidiary of Lianhua Supermarket and the number of Lianhua Supermarket outlets will be increased to 5,268, including 3,184 standard supermarkets.

According to Ma Xinsheng, the chairman of Bailian Group and Lianhua Supermarket, after buying Hualian Supermarket the group will consolidate store business through resource integration and will accelerate expansion to the second and third-tier markets in the Yangtze River Delta with the dual-brand market strategy.

Wal-Mart To Provide Financial Services In 80 Chinese cities.

Wal-Mart has reached a strategic cooperation agreement with the Chinese offline payment provider Lakala to provide financial services to people in 80 cities across China.

With the cooperation agreement, Wal-Mart will be able to provide its customers with one-stop daily payment services, including credit card repayment, payment of public utilities, and mobile phone recharging.

Ruan Mingjiang, Wal-Mart’s vice president for retail value-added services and strategies, told local media that Wal-Mart’s nationwide launch of the Lakala smart payment terminals is a new trial to meet the diversified demands of modern consumers. The company hopes to continuously improve its services to bring more convenience to its customers.

Sun Taoran, president of Lakala, revealed that so far, more than 90 of Wal-Mart’s stores in China have launched the convenient financial services, completing over 50,000 transactions in May, with a total transaction value of over CNY18 million.

Before entering Wal-Mart, Lakala smart payment terminals have been installed in 7-Eleven and the Quik convenience stores belonging to Lianhua Supermarket. At present, Lakala has installed more than 30,000 terminal sites in 60 cities across 18 provinces and handles three million transactions every month.

Source: ChinaRetailNews.com

Investment opinion and research company InvestorSoup.com announces the availability of free, detailed stock alerts on active stocks..

Investment opinion and research company InvestorSoup.com announces the availability of free, detailed stock alerts on active stocks in today’s news. Each stock alert highlights recent news, trading activity, technical analysis and relevant market research you need to know.

Investors can view all of the daily stock alerts for free by visiting InvestorSoup.com

InvestorSoup.com’s Stock Alerts are brief analyses on the active stocks each day that are affecting the markets. These include breaking news, insider activity, recent 52-week highs/lows, technical breakouts, and other market driving information. Investor Soup analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.

InvestorSoup.com is a small-cap research and investment commentary provider. Investor Soup strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the information available on them. For more information on Investor Soup, please visit: http://www.InvestorSoup.com CRD# 2207572

InvestorSoup.com Disclosure

InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.

InvestorSoup.com
Jeffrey Brown, Editor
(469)-252-3505
info@investorsoup.com

David C. Masson of InvestorSoup.com is a member of the National Association of Securities Dealers, CRD number 2207572.

[source: InvestorSoup.com]