bullish
Sun Art (6808 HK): Potential Divestiture By Alibaba Worth A Bet
572 Views19 Mar 2024 19:09
COFCO Group rumored to be potential buyer for Alibaba's stake in Sun Art Retail, with Alibaba looking to divest after management change in 2023.
Boomeranged on Wed, 27 Mar 2024 09:45
The company just announced a change in CEO - Mr. Lin Xiaohai has resigned as CEO and executive director of the company. He is replaced by Mr. Shen Hui who used to work as Auchan general manager from 2016-2017. This move could suggest faster progress of potential Alibaba divestiture.
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