Dalian Dashang Group Co., Ltd. and an investment management firm acquired additional 5% stake in Dashang Co.,Ltd..
January 17, 2018
Share
Dalian Dashang Group Co., Ltd. and an investment management firm acquired additional 5% stake in Dashang Co.,Ltd. (SHSE:600694) on January 17, 2018. As per the transaction, Dalian Dashang Group Co., Ltd. and the investment management firm jointly acquired additional 14.7 million shares of Dashang Co.,Ltd. Post completion, Dalian Dashang Group Co., Ltd. and the investment management firm jointly held 73.5 million shares representing 25% stake of Dashang Co.,Ltd.
Dalian Dashang Group Co., Ltd. and an investment management firm completed the acquisition of additional 5% stake in Dashang Co.,Ltd. (SHSE:600694) on January 17, 2018.
DASHANG CO., LTD. is a China-based company principally engaged in the commodity retailing business. The Company mainly provides men's and women's apparels, cosmetics, jewelries, watches and clocks, shoes, underwear, household products, household electrical appliances, drinks, food products and fruits through regular chain department stores, supermarkets and household electrical appliance stores. The Company mainly operates its business in domestic markets.
DASHANG CO., LTD. 
