Recent events
Recent events tied to this brand in public sources.
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2021
Shanghai Stock Exchange questions Wangfujing on proposed merger
The company received an inquiry letter from the Shanghai Stock Exchange asking Wangfujing to explain whether the proposed share-swap absorption merger with Shoushang would help improve company quality and to describe future integration and synergy measures.
2021
Wangfujing announces planned merger with Shoushang
Wangfujing announced plans to absorb Shoushang through a share swap and raise supporting funds by issuing A shares. The merger was being planned and specific transaction terms were still under discussion.
2021
Wangfujing announces plans to absorb Beijing Shoushang Group
Wangfujing announced that it was planning a share-swap absorption merger of Beijing Shoushang Group, together with a related A-share fundraising plan; the proposed restructuring was expected to constitute a major asset restructuring.
2020
Wangfujing announces planned entry into duty-free business
Wangfujing Group announced plans to establish a wholly owned duty-free goods operating company, with registered capital of 500 million yuan, to conduct duty-free business.
2020
Wangfujing responds to insider-trading allegations
After questions about possible insider trading arose amid a sharp rise in Wangfujing’s share price before the company disclosed that it had received a duty-free business qualification, Wangfujing said its review found that insiders aware of the business had not violated confidentiality obligations or other relevant laws and regulations. The article reports the company’s response, not a determination that insider trading occurred.