BRIEF-Lianhua Supermarket says unit entered into acquisition agreement

May 2 (Reuters) - Lianhua Supermarket Holdings Co Ltd


* Lianhua Huashang entered into acquisition agreement with

Bailian Group

* Deal for a cash consideration of rmb970.8 million

* Lianhua Huashang agreed to purchase 100% equity interest

in Yiwu City Life

* Company entered into disposal agreement with Bailian Group

for a cash consideration of rmb378.6 million

* Bailian agreed to purchase, and company conditionally

agreed to sell, 100% equity interest in Lianhua Live and Fresh

Source text: []

Further company coverage: