Dairy Farm clinches final regulatory approval for $1.3b investment in Yonghui Superstores

It will acquire a 20% stake in the Shanghai-listed group.

Dairy Farm has clinched the final and unconditional approval of the China Securities Regulatory Commission for its $1.3b (US$908m) investment in Shanghai-listed Yonghui Superstores Co.

Dairy Farm will acquire a 19.99% interest in the group. Completion is expected to take place in approximately one month, at which time the Dairy Farm will make a further announcement.

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