BEIJING (dpa-AFX) - Tencent Holdings Ltd. (TCEHY.PK) will buy a stake in Chinese supermarket chain Yonghui Superstores Co. for about 4.22 billion yuan, according to reports
China's largest internet corporation is acquiring about 5 percent of Yonghui from existing shareholders at 8.81 yuan apiece, Yonghui reportedly said, a 9.9 percent discount to its price before trading was halted on December 8.
Yonghui, which operates supermarket franchises and has more than 580 stores in China, plans to resume trading on December 18.
Copyright RTT News/dpa-AFX