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DAIRY FARM COMPLETES INVESTMENT IN YONGHUI SUPERSTORES
HAMILTON, BERMUDA: 07 April, 2015 – In a filing with the Bermuda Stock Exchange, dated 07 April, 2015, Dairy Farm International Holdings Limited (the “Company”; Ticker: DFIBD.BH) announced that its wholly-owned subsidiary, The Dairy Farm Company, Limited, confirmed the completion today of its investment to acquire a 19.99% interest in Yonghui Superstores Co. The filing stated:
“Dairy Farm International Holdings Limited is pleased to confirm the completion today of its investment to acquire a 19.99% interest in Yonghui Superstores Co., Ltd by the subscription of 813,100,468 new shares in Yonghui Superstores at a price of RMB7 per share, for a total consideration of RMB5.69 billion (approximately US$909 million).
Dairy Farm announced on 11th August 2014 that its wholly-owned subsidiary, The Dairy Farm Company, Limited, had entered into a conditional agreement to acquire a 19.99% interest in Shanghai-listed Yonghui Superstores Co., Ltd by way of a subscription of new shares. On 13th March 2015, Dairy Farm advised that this investment had received final regulatory approval.
Dairy Farm is a leading pan-Asian retailer. The Group, together with its associates and joint ventures, operates over 6,100 outlets –including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing over 100,000 people, and had total annual sales in 2014 exceeding US$13billion. Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.”
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For further information, please contact:
Dairy Farm Management Services Limited
Lancy Ng (852) 2299 3011
Brunswick Group Limited
Siobhan Xiaohui Zheng (852)3512 5044
This and other Group announcements can be accessed through the Internet at‘www.dairyfarmgroup.com’.