Gaoxin Retail (06808) reversed the market and rose by more than 9%. As of press release, it rose 5.67% to HK$1.49, with a turnover of HK$12.6072 million.
The Zhitong Finance App learned that Gaoxin Retail (06808) reversed the market and rose by more than 9%. As of press release, it had risen 5.67% to HK$1.49, with a turnover of HK$12.6072 million.
According to the news, Gaoxin Retail announced the appointment of Shen Hui as the executive director and CEO of Gaoxin Retail. Lin Xiaohai resigned as CEO of Gaoxin Retail and transferred back to Alibaba Group for another appointment. According to the announcement, Shen Hui has rich management experience in the retail industry. He joined Gaoxin's retail atomic company Auchan in 1999 and participated in preparations and construction work for the Auchan brand to enter China.
Furthermore, on March 26, Gaoxin Retail's M member store officially signed a contract in Yancheng, Jiangsu Province. Gaoxin Retail said it will increase investment in member stores within the next three years, with the goal of opening 15 new stores and further expanding its retail footprint. Up to now, Gaoxin Retail owns the three main business brands Da Runfa, Da Runfa Super, and M member stores, and has opened more than 500 stores across the country.