texasholdemonlinefree| Lianhua Supermarket: Bailian Group subscribed for 360 million new domestic shares to raise approximately 360 million yuan

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[Lianhua supermarket signed a share subscription agreement with Bailian Group] Lianhua supermarket announced on May 12TexasholdemonlinefreeThe company signed a share subscription agreement with Shanghai Bailian Group Co., Ltd. According to the agreement, Lianhua supermarket will issue up to 3Texasholdemonlinefree. 600 million new domestic shares, and Bailian Group has pledged to subscribe for these shares in cash. The subscription price is Rmb1.00 per share, which is expected to raise about Rmb360 million for Lianhua supermarket.

It is reported that after the completion of the subscription, Bailian Group will hold about 25.13% of Lianhua supermarket, making it its second largest shareholder. The move is seen as an important measure for Lianhua supermarket to further expand the market and strengthen internal governance.

Lianhua supermarket said that the funds raised will mainly be used to repay debts, replenish liquidity and improve operations. In addition, the company plans to use the money to promote digital transformation and online and offline integration, in order to increase competitiveness and market share.

Investors reacted positively to the news, with shares of Lianhua supermarket rising more than 3% on the day of the announcement. Market analysts believe that the subscription agreement is expected to bring long-term strategic investment value to the company and further consolidate its market position.