Valuation shrinks by more than half? Yonghui Superstores responds to the sale of a small loan company's equity for 80 million yuan
Yonghui Superstores issued an announcement in response to the regulatory letter from the Shanghai Stock Exchange regarding the company's asset sale. Previously, Yonghui Superstores agreed to transfer its remaining 28.095% equity in Yonghui Cloud Jin Technology Co., Ltd. to Shanghai Paihui Technology Co., Ltd. for a price of 80 million yuan. The transaction price, significantly lower than the historical valuation and book value of Cloud Jin Technology, has raised concerns from regulators about the reasonableness of the transaction and whether it harms the interests of the listed company
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