Changjiang Daily News (Reporter Sun Jun) Yonghui Supermarket gave up its plan to acquire Zhongbai seabet crypto casino。This means that Yonghui Supermarket’s plan to become the largest shareholder of Zhongbai seabet crypto casino has come to an end。
Evening of the 16th，Yonghui Supermarket announced，Recently worked with Wuhan State-owned Assets Management Co., Ltd. due to the requirements of the National Development and Reform Commission，Conducted friendly consultations，On Zhongbai Holding seabet crypto casino Co., Ltd. (Zhongbai seabet crypto casino，000759）actual controller、Corporate Governance、Operation Management，We reached a comprehensive consensus on future development directions and other aspects，Support Wuhan State-owned Assets Management Company as the actual controller of Zhongbai seabet crypto casino，Not seeking actual control of Zhongbai seabet crypto casino。Cancel part of the tender offer plan to acquire Zhongbai seabet crypto casino，Maintain 29.86% shareholding remains unchanged。
Announcement also said，Yonghui Supermarket and Wuhan State-owned Assets Management Company will collaborate and support Zhongbai seabet crypto casino in formulating Zhongbai seabet crypto casino's ";14th Five-Year Plan”Development planning and investment scale。Both parties will ensure that Zhongbai seabet crypto casino’s market-oriented status and independence will not be affected，Yonghui Supermarket helps Zhongbai seabet crypto casino optimize business processes；Promotes Zhongbai seabet crypto casino in purchasing、Logistics、Human Resources、Strengthen strategic cooperation with Yonghui Supermarket in all aspects including financial budget management，Collaborative development。Strive to within three years，Zhongbai seabet crypto casino’s main business sales net profit margin increased to 2.5%。
The chairman of Zhongbai seabet crypto casino is nominated by Wuhan State-owned Assets Management Company，The general manager of Zhongbai seabet crypto casino was nominated by Yonghui Supermarket，Appointed by the board of directors of Zhongbai seabet crypto casino。The management team is responsible to the board of directors。On the premise that the original employment contract is valid，Make it clear that the management team is selected through market mechanisms，Manager status subject to the leadership of the board of directors，Enjoy fair market treatment。
In addition，Yonghui Supermarket and Wuhan State-owned Assets support Zhongbai seabet crypto casino’s plan to buy back shares for employee equity incentives，Wuhan State-owned Assets Management Company will assist Zhongbai seabet crypto casino’s employee equity incentive plan in obtaining approval from the state-owned assets authority。
In announcement，Yonghui Supermarket said，The content of the "Memorandum of Cooperation" fully reflects the original intention that Yonghui Supermarket has always adhered to that the actual controller of Zhongbai seabet crypto casino remains unchanged；Mutual respect among shareholders、Improving corporate governance、The consensus to improve the company's operating performance has been fully improved。
(Source: Changjiang Daily)