Shenzhen Cowin Capital is to make a full exit from Guangxi Nancheng Department Store via a strategic sale, as Hunan province-based supermarket and mall operator Better-Life Commercial Chain Share Co., Ltd. agreed to acquire the investment firm’s remaining 2.32% stake for around RMB36.5 million, according to a regulatory filing.
The sale, initially announced in May 2014, would see Better-Life acquiring 100% stake in Guangxi Nancheng with a combination of shares and cash.
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