HKG:6808

3 stories mentioning HKG:6808

Every FINWIRES story that references HKG:6808, newest first.

Market Chatter: Alibaba Said to Offer $1.5 Billion for Grocery Platform Pupu

Alibaba (HKG:9988) has offered $1.5 billion to acquire Chinese online grocery platform Pupu, Bloomberg News reported on Friday, citing people familiar with the matter.The reported offer exceeds an earlier $600 million bid from Sun Art Retail (HKG:6808), a former Alibaba affiliate now backed by private equity firm DCP Capital, the report said.Fujian-based Pupu is one of the few remaining independent online grocery platforms in China and has attracted interest as major internet companies seek to expand their presence in fresh food retailing, according to the report.An Alibaba representative did not respond to a comment request from Bloomberg, while DCP and a Pupu representative refused to comment, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:6808HKG:9988

Asia28d ago

Sun Art Retail Turns to Full-Year Loss

Sun Art Retail (HKG:6808) recorded an attributable loss of 319 million yuan for the year ended March 31, compared with an attributable profit of 405 million yuan a year prior, according to a Monday Hong Kong bourse filing.The supermarket operator's loss per share stood at 0.03 yuan, compared with earnings per share of 0.04 yuan.Revenue slipped 11% to 63.4 billion yuan from 71.6 billion yuan in the year-ago period.The company declared a second interim dividend of HK$0.085 per ordinary share for the year, payable July 15 to shareholders of record as of June 3.

HKG:6808

Asia56d ago

Sun Art Retail Expects Swing to Fiscal-Year Loss; Shares Slip 6%

Sun Art Retail (HKG:6808) expects to record an attributable loss of about 300 million yuan to 350 million yuan in the 12 months ended March 31, compared with a profit of 405 million yuan a year earlier, according to an April 17 Hong Kong bourse filing.Shares of the retail operator were down over 6% in morning trade on Monday.The expected loss is mainly due to a decline in average items per transaction and selling prices, which led to lower revenue and gross profit, as well as reduced income from retail galleries.

HKG:6808