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31 Oct 2017
XIANLIFE LIMITED (“Xianlife”) recently announced that it, through a joint venture established with Greentown Service Group Co., Ltd. (2869.HK) and Shanghai ExFresh Supply Chain Co., Ltd., has entered into a purchase agreement with Morgan Stanley to acquire 100% equity interest of Beijing K.P.I. Hi-24 Convenience Stores Company Limited (“Hi-24”) for a total consideration of US$84 million. After the closing, Xianlife will cooperate with Hi-24’s current management to upgrade its retail network, comprised of nearly 300 convenience stores in Beijing.
DaHui represented the buyers in this complex transaction. The DaHui team was led by partners Zheng Zha and Julia Dai.