Bestore's controlling stake transfer case has been unconditionally approved

Zhitong
2025.09.22 03:29

According to a recent list of unconditional approvals for operator concentration cases released by the Chongqing Municipal Market Supervision Administration, the "Wuhan Yangtze International Trade Group Co., Ltd. acquisition of Bestore Co., Ltd. equity case" was unconditionally approved on September 10. However, according to Bestore's announcement on September 17, the second largest shareholder, Dayong Co., Ltd., has signed a supplementary agreement with Wuhan Yangtze International Trade, extending the final deadline for the transfer of 445 million yuan and 8.99% equity to October 15. The original agreement price on July 17 was 12.34 yuan per share; the transaction still requires state-owned asset supervision, exchange confirmation, and transfer registration, and its completion remains uncertain. The delay may be influenced by the lawsuit from Guangzhou State-owned Assets Guangzhou Light Industry and Trade Group Co., Ltd

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.