Business Daily Media

Best Mart 360 Holdings Limited, to introduce Hoi Tung Trading Company Limited as major shareholder

HONG KONG SAR - Media OutReach - 24 August 2022 - Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced that Mr.

Lin Tsz Fung and Ms. Hui Ngai Fan entered into a memorandum of understanding ( the “MOU”) with China Merchants Hoi Tung Trading Company Limited (the “ China Merchants Hoi Tung Trading”), in relation to the possible sale and purchase of the Shares. Pursuant to the MOU, China Merchants Hoi Tung Trading intends to purchase 490,000,000 Shares in aggregate, representing 49% of the total issued Shares.

China Merchants Hoi Tung Trading is a wholly-owned subsidiary of China Merchants Group Limited and is a comprehensive trading company covering food, transportation, and commodity, with subsidiaries in 10 cities in China and 7 branches overseas.

Hashtag: #BestMart360

The issuer is solely responsible for the content of this announcement.

About Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 March 2022, the Group operated a total of 138 chain retail stores, spanning strategic locations with heavy pedestrian flow in Hong Kong, Macau and Shenzhen. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.


News from Asia

Vingroup possesses the three prerequisites for a green future

Vingroup, Vietnam's largest private conglomerate, is poised to lead the nation's green transition. Backed by substantial resources, top talent, and cutting-edge technology, Vingroup is well-equippe...

International Business Forum "World of Opportunities: RussiaASEAN" to be Held in Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 November 2024 – Kuala Lumpur will host the "World of Opportunities: Russia-ASEAN" International Business Forum on November 26-27, bringin...

Pacific Neighbors: Celebrating ties between two ancient civilizations

LIMA, PERU / CHENGDU, CHINA - Media OutReach Newswire – 13 November 2024 - All this week, Peru is hosting the Asia-Pacific Economic Cooperation (APEC) Meetings in Lima. There is al...

E-Commerce Key Export Enabler For Asean-6 Micro, Small And Medium Sized Enterprises According To Report Commissioned By Amazon Global Selling

90% of Micro, Small and Medium-sized Enterprises (MSMEs) in ASEAN-6[1] stated that they would not be able to export without e-commerce. U.S...

30 Years and Beyond - CEIBS hosts 30th Anniversary Celebration

SHANGHAI, CHINA - Media OutReach Newswire – 13 November 2024 - China Europe International Business School (CEIBS) today held a grand celebration at its Shanghai campus marking its 30th anniversary...

XTransfer Named in "2024 Global Digital Trade Industry Enterprise 100"

HONG KONG SAR - Media OutReach Newswire - 3 October 2024 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is pleased to announce that it has been selec...

Dusit International and TDF collaborate to drive excellence in the hospitality sector

BANGKOK, THAILAND - Media OutReach Newswire – 13 November 2024 - Dusit International, one of Thailand's leading hotel and property development companies, has signed a Memorandum of Understanding (...

XTransfer Stage Speech Captivates Audience at Singapore Fintech Festival

Highlighting Financial Risk Control Innovations, Actively Exploring Regional Collaboration Opportunities SINGAPORE - Media OutReach Newswire – 13 November 2024 - XTransfer, the World's Leading &a...

SiegFund Expands Global Footprint Following Success Across APAC

HONG KONG SAR - Media OutReach Newswire - 13 November 2024 - SiegFund, a premier proprietary trading talent acquisition firm, is making waves with its strategic global expansion. Originating in Au...

James Dyson Award announces its 2024 global winners: Hair-loss prevention device for chemotherapy patients and Sustainable ‘maple seed’ weather balloon

HONG KONG SAR - Media OutReach Newswire - 13 November 2024 - Today, the James Dyson Award unveils its two global winners, each receiving £30,000 for solving significant problems of global import...

Oman set to create the largest Oasis Park in the Middle East

The journey of a thousand miles begins with a single step. Through the years, Oman has made giant strides as a nation. The Sultanate’s march towa...

Property

How medical professionals can benefit from an overall wealth management solution

As a health care professional, you have made it your life's work to focus on the care and health of the general public. While this kind of work can be...

Business Training

Maximizing Your Investments: Benefits of 1031 Exchange Properties

Imagine being able to swap your investment property for another real estate while deferring the capital gains taxes. Of course, the 1031 tax-defer...

Property

Six Factors You Must Consider When Buying Space For Business

Are you thinking of diving into Orlando's entrepreneurial world? Lately, Orlando has come into the limelight for its state-of-art technology and i...

Property

Joust Marketplace Unleashes Game-Changing Joust Connect function

Anny Le Wilson Australia’s leading online home loans marketplace, Joust.com.au, has launched a game changing solution for the country’s mortg...

Property

Unlock Your Dream Home With the Best Cowra Home Builders

Cowra is a charming small town in New South Wales, Australia. It is known for its rich agricultural and cultural heritage, and for its vibrant loc...

Property