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19-07-2025, 07:29 PM
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
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
Omni is in my ignored list. This works well like he always bumps my post for me all the time. Thank u Omni.
