[ET Net News Agency, 18 January 2021] Sun Art Retail Group Limited (06808) said its
subsidiary RT-Mart China has agreed to purchase and Alibaba Technology has agreed to sell
51% of the equity interests in He Xiao Ma. The consideration is RMB25.5 million. Upon
completion of the acquisition, RT-Mart China will hold the entire equity interest in He
Xiao Ma.
He Xiao Ma carries on scale business in the food retail sector focusing on fresh
products. (RC)