According To Legend, Baili International Suspended Trading And Acquired Meilibao In Advance

Baili (1880), the largest retailer of women's shoes in the mainland, and Meili Bao (1179), a shoe and shoe retailer in Hong Kong and China, both suspended trading yesterday (25th) pending the release of price sensitive news. It is widely rumored that Bailey, which has strong capital after listing, intends to acquire Meili Bao to expand its retail network and increase its brand. Bailey is also rich in cash. At present, it did not disclose the details of the transaction to Bailey, but did not give any information on whether it was convenient for Bailey to suspend the transaction. According to market news, more than 50% of the shares of meilibao to be acquired by Belle are held by Deng qianglin and Deng Weilin, cousins of belle chairman Deng Yao.