Wumart to buy most of Lotus supermarket chain for HK$3 billion

Wumart Stores, which operates a chain of Chinese supermarkets, will acquire most of the Lotus chain of supermarkets in mainland China in a deal worth more than HK$3 billion.

via Business feed http://www.scmp.com/business/companies/article/1332170/wumart-buy-most-lotus-supermarket-chain-hk3-billion