Shanxi Donghui Makes Equity Investment In Missfresh

by Shivani Kumaresan, Benzinga Staff Writer
July 14, 2022 1:54 PM | 1 min read |
  • Missfresh Ltd MF has formed a strategic partnership with a multinational conglomerate, Shanxi Donghui Group.
  • Under the agreement, Shanxi Donghui will make an RMB200 million equity investment in Missfresh.
  • Shanxi Donghui or its designated affiliate will subscribe to 298.50 million Class B ordinary shares of Missfresh.
  • Through the partnership, Missfresh and Shanxi Donghui will exchange resources and best practices relating to agriculture operations and sales and marketing.
  • Shanxi Donghui will have the right to designate two directors for nomination and election to the company's board.
  • Price Action: MF shares are trading lower by 0.16% at $0.37 on the last check Thursday.
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