AEON (984) plans to bid for the acquisition of all 35% of AEON GD shares held by Tianhe City Department Store
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AEON plans to acquire a 35% stake in AEON GD held by Yuehai Investment and Tianhe City Department Store through a public tender for no more than RMB 170 million. After the acquisition, AEON will hold 100% of AEON GD, aiming to promote a turnaround plan, improve operational efficiency, and achieve economies of scale. However, the implementation of the plan may be affected if new shareholders intervene
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