date:Aug 12, 2014
Dairy Farm International Holdings Ltd., an operator of supermarkets and retail stores, is buying a 20-per-cent stake in Yonghui Superstores Co. for 5.69 billion yuan ($925 million) as it seeks to tap Chinas growing market.
Dairy Farm has for some time been looking for opportunities to participate in the large and high growth Chinese market, Graham Allan, chief executive officer of Dairy Farm, said in a statement to the London Stock Exchange today. This strategic partnership with Yonghui provide