The cooperation of the two major regional retail enterprises has finally arrived.

After the closing of October 10th, Yonghui supermarket and Zhong Bai group announced that the two sides signed the strategic cooperation framework agreement in October 10th.

The two companies intend to carry out strategic cooperation in resources, networking, information, logistics and so on.

According to the agreement, the two companies aim at strengthening the large market network of the retail industry, and establish a mutually beneficial and win-win strategic cooperation mode in the establishment of the procurement bidding system and joint procurement team, carrying out the logistics base and Chongqing regional business cooperation and establishing an exchange learning mechanism, giving full play to the advantages of both sides in the regional leader, market network, information and logistics, so as to achieve common development and win-win cooperation.

For a long time, Yonghui supermarket has tried to expand by joining the group.

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From the end of 2013 to the April of this year, Yonghui supermarket, the three degree placards group, made the great shareholder of Wu Zhong business group feel pressure.

According to public information, from November 5, 2013 to January 9, 2014, Yonghui supermarket bought 34 million 51 thousand and 100 shares of China 100 group through bidding at Shenzhen Stock Exchange.

5% of the total share capital.

From January 15, 2014 to February 28, 2014, Yonghui supermarket bought 34 million 51 thousand shares again, accounting for 5% of the total share capital.

From March 5, 2014 to April 18th, Yonghui supermarket bought 34 million 51 thousand shares again, accounting for 5% of the total share capital and third degrees of placards.

Half a year,

Buying the 102 million shares of China 100 group, the shareholding ratio has soared to 15%, directly to the big shareholder Wu Shang Lian.

As of June 30, 2014, Yonghui supermarket and its wholly-owned subsidiary owned 115 million shares of China 100 group, accounting for 16.91% of the total share capital of China 100 group.

Yonghui supermarket said the two sides signed a strategic cooperation framework agreement, but the implementation of specific cooperation projects under the framework agreement needs to be further implemented and clarified.

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