Yonghui Supermarket (SH601933, stock price: 3.30 yuan, market value: 29.948 billion yuan) responded to false rumors circulating in the market, such as the "chairman running away" and "backstabbing Fat East".
Yonghui Supermarket released a statement on the change of equity on the evening of September 28th.
The explanation mainly responds to four points:
1. This transaction occurred between Milk Company, Suqian Hanbang, JD World Trade, and Juncai International, and there was no change in the equity ratio of the founder and chairman, Mr. Zhang Xuansong.
After the completion of this transaction, the largest shareholder of the company will be changed to Guangdong Juncai International Trading Co., Ltd., holding a total of 29.4% of the company's shares. The original shareholders, Milk Co., Ltd. and Suqian Hanbang Investment Management Co., Ltd., will no longer hold shares in Yonghui Supermarket. Beijing JD Century Trading Co., Ltd. will change its shareholding ratio from 6.98% to 2.94%. Juncai International and its implementing company, Miniso, will work together with Yonghui Supermarket to create a quality and happy business model.
3. Currently, Yonghui Supermarket is carrying out comprehensive adjustments to some stores in the first 10 cities across the country in terms of product structure, quality and price, store layout and flow, environment, service, and employee benefits, while helping and learning from the dual line transformation of Pangdong.
Next, Yonghui Supermarket will continue to learn from Pangdonglai, and Pangdonglai will also continue to assist Yonghui Supermarket in adjusting and striving to achieve its healthy operation goals.
Previously, on September 23rd, Yonghui Supermarket and Miniso announced that Juncai International, controlled by Miniso, would acquire 29.4% of Yonghui Supermarket's shares for RMB 6.27 billion, including 21.1% held by Milk Co., Ltd. and 8.3% of Yonghui Supermarket's shares jointly held by Beijing JD Century Trading Co., Ltd. and Suqian Hanbang Investment Management Co., Ltd.
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After the announcement, Yonghui Supermarket's stock price hit the daily limit up for four consecutive trading days.
The stock price of Miniso fell sharply on the day of its announcement.
After the news of Miniso's acquisition of a portion of Yonghui Supermarket's equity was released, Yu Donglai, the chairman of Pangdonglai, publicly discussed the idea that "Pangdonglai will not make any further adjustments", which sparked heated discussions. In a video circulating online, Yu Donglai said, "At least by the end of October, if we have to be fast, by the end of September, we will withdraw our troops and no longer adjust our companies. We won't help anyone anymore." In response to this, Yu Donglai said on the early morning of September 26th, "Regarding the action to help enterprises, assist joint business students, and Yonghui BuBuGao, it will continue for about two more years, and these companies can basically adjust themselves! In order to ensure the normal work and life of Pangdonglai employees, Pangdonglai will only no longer send teams to new companies for assistance
In addition, the stock trading risk warning announcement disclosed by Yonghui Supermarket shows that the company's stock hit the daily limit up for four consecutive trading days on September 24, September 25, September 26, and September 27, 2024, with significant fluctuations in stock price. According to the company's self inspection, as of the announcement date, the company's current production and operation activities are normal, and store adjustments are steadily and orderly progressing. There have been no significant changes in the internal and external business environment, and there are no major issues that should be disclosed but have not been disclosed.
In terms of operational risk, Yonghui Supermarket announced that the company achieved a revenue of 37.779 billion yuan in the first half of the year, a decrease of 10.11% compared to the same period last year; The net profit attributable to the parent company was 275 million yuan, and the net profit attributable to the parent company after deducting non recurring expenses was 30 million yuan, a decrease of 98 million yuan and 69 million yuan respectively from the same period last year. Investors are advised to pay attention to investment risks and invest rationally.
Daily Economic News Comprehensive Announcement of Listed Companies
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