[revealer]

Another listed company becomes victim of involution, now seek Government to bail them out. They cut their price by 45% to stay afloat and losing money

Quote:

A Chinese snacks maker plans to make the local government its largest shareholder, in a sign of how deflation is claiming corporate casualties and requiring state intervention.

Ningbo Hanyi Venture Capital Partnership Enterprise LP and another investor plan to sell a combined 21% of Bestore Co. to an entity owned by the local government, valued at about 1.05 billion yuan.

Bestore has seen its revenue decline since 2022 due to a price war, with losses expected to have touched at least 75 million yuan in the first-half of this year, after cutting snack prices by up to 45% in late 2023.

https://www.bloomberg.com/news/articles/...ckout=true

[revealer]

Nestor’s is listed in Shanghai with a market cap of about 5.5 bln RMB or 1 bln SGD or as big as SingPost.

[revealer]

Bestore is listed in Shanghai with a market cap of about 5.5 bln RMB or 1 bln SGD  or as big as SingPost.

[Omnipresent88]

https://media.tenor.com/Rvf8GzzKNwIAAAAM...e-ymca.gif https://media.tenor.com/Tii3MhKr9voAAAAM...apping.gif https://media.tenor.com/DiFXNoWXSEkAAAAM/claps-modi.gif https://media.tenor.com/lILSyLrc9RgAAAAM...plause.gif https://media.tenor.com/CjlAny7f3R4AAAAM...n-clap.gif https://media.tenor.com/SbrLoFPUiHMAAAAM mk9dUGoZgdkAAAAM/elon-musk-musk.gif https://media.tenor.com/rqCABQvDrfAAAAAM...eaming.gif https://media.tenor.com/CFVIVCpjT9MAAAAM...-laugh.gif https://media.tenor.com/-bWE2E_hsl4AAAAM...ughing.gif

[revealer]

https://www.reuters.com/world/china/chin...025-08-09/

[revealer]

https://www.channelnewsasia.com/east-asi...fs-5268781