Shares & Derivatives
Convenience Retail Asia Disposes Convenience Stores
By My Sweet Retirement  •  December 5, 2020
On 5th November, Convenience Retail Asia Limited disposes Convenience Stores for a cash consideration of HK$2,790 million. Such valuation translates to approximately HK$3.63 per share, based on the 768,154,974 Shares in issue. I did my personal analysis of Convenience Retail Asia Limited (HKEX:831) in July this year. If you do not know what business Convenience Retail Asia is in, here is a quick summary. Convenience Retail Asia Limited is a listed retailing member of the Fung Group. The company operates around a total of 600 Circle K convenience stores and Saint Honore bakeries in Hong Kong, Macau and the Pearl River Delta. The company also operates 9 Zoff eyewear shops in Hong Kong. With the disposal of its 600 Circle K convenience stores which is bulk of its businesses, the company is left with Saint Honore bakeries and Zoff eyewear shops. The purchaser is...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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