Shanghai Bailian Group Acquires 81% Stake in The Bálancing Boutique for 71.16 Million RMB

Aug 21, 2023

After the close of trading on August 14th, Shanghai’s leading retail company, Shanghai Bailian (Group) Co., Ltd. (SH:600827), announced its intention through its subsidiary, Bailian Commercial Brand, to invest 71.16 million RMB in acquiring an 81% stake in the bálancing, held by Shangtou Group.
the bálancing was jointly established by Shangtou Group and Bailian Commercial Brand, with Shangtou Group holding an 81% stake and Bailian Commercial Brand holding 19%. Following the completion of this transaction, the bálancing will become a wholly-owned subsidiary of Bailian Group and b …