The State Administration for Market Regulation unconditionally approved Boyu Capital's acquisition of a partial stake in Beijing SKP

On June 5th, the State Administration for Market Regulation announced the latest batch of unconditional approval cases for operator concentration on its website, among which the acquisition case of Beijing Hualian Department Store Co., Ltd. by Boyu Phase V US Dollar Fund LLC is included. According to the previous case announcement, Boyu Phase V US Dollar Fund intends to acquire a portion of the equity of Beijing Hualian Department Store Co., Ltd. After the transaction, the affiliates of Boyu Phase V US Dollar Fund will indirectly hold 42%-45% of the equity of Beijing SKP through financial investment. Beijing SKP mainly engages in department store retail business within China