---
title: "AEON (984) plans to bid for the acquisition of all 35% of AEON GD shares held by Tianhe City Department Store"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282808836.md"
description: "AEON plans to acquire a 35% stake in AEON GD held by Yuehai Investment and Tianhe City Department Store through a public tender for no more than RMB 170 million. After the acquisition, AEON will hold 100% of AEON GD, aiming to promote a turnaround plan, improve operational efficiency, and achieve economies of scale. However, the implementation of the plan may be affected if new shareholders intervene"
datetime: "2026-04-15T08:34:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282808836.md)
  - [en](https://longbridge.com/en/news/282808836.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282808836.md)
---

# AEON (984) plans to bid for the acquisition of all 35% of AEON GD shares held by Tianhe City Department Store

AEON (0984.HK) announced that through a public tender, the company will acquire a total of 35% equity in AEON GD from Yuehai Investment (00270.HK) and Tianhe City Department Store for a total consideration of no more than RMB 170 million. Currently, AEON holds 65% and 35% equity in AEON GD, which has been operating retail business in Guangdong Province since 1995.

AEON is currently fully promoting a turnaround plan to restore the group's business performance. Among them, AEON GD is currently undergoing the group's profit enhancement plan, which includes strategic restructuring in the Chinese market, as well as optimization of store location and operations. However, if the target equity is acquired by new entrants, the implementation of the turnaround plan may be hindered, as the effective execution of the relevant plans requires the consent of the new entrants.

The AEON board believes that after the proposed acquisition is completed, the company will hold 100% equity in AEON GD, which will allow for more effective integration and restructuring of the operations of AEON GD's stores, aligning with the operations of the group's other stores in China, thereby improving operational efficiency and achieving economies of scale

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