Rifle International Splits China Business Listing Rhythm Quickening

Although the impact from the electricity supplier in the industry has made many chain retailers complain about the hardships of the market, retail sales in mainland China still have enormous room for growth.

Earlier, data released showed that Hongkong's chain retail department stores fell, but the rising interest rate in mainland China announced recently that it would split the Chinese business.

Although the data from rifle China business in the 2015 fiscal year are mixed, its sales performance is still robust. Therefore, the chairman of the Group believes that splitting up the listing of the business will be fine.

At the same time,

It is believed that the split is positive news for riff international, so it maintains its "overweight" rating.

It is reported that

It will split its wholly owned Affiliated Companies, riff China, and submit an application to the Hongkong stock exchange for listing on the main board.

If this split is completed, rifle China will terminate its mission as the group Affiliated Companies of riff international, specializing in the three chain stores in the mainland: Shanghai, Suzhou and Dalian, including the department stores and two investments, including second Shanghai, Jiu Guang Department stores and Daning commercial complex projects developed in Shanghai Daning, and Shijiazhuang North Korean group 100.

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