Proceeds would be used to expand Sun's hypermarket chain in China.
The hypermarket operator is reportedly increasing its stores from 180 to 200 this year.
A Reuters report said, “Sun Holdings owns 140 RT-Mart and 40 Auchan hypermarkets in China, making it the largest operator in the country ahead of Wal-Mart Stores Inc and Carrefour SA.”
View the full report here.
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