Retail chain operator Wumart Stores Inc said on Tuesday [20 October 2015] that it was delisting its H shares from the Hong Kong bourse amid uncertain market conditions for hypermarkets in China. It said trading in its shares was halted on Oct 5, at HK$3.27 ($0.42). At that closing price, the total market value of the hypermarket operator was estimated at about HK$1.75 billion, or 1.44 billion yuan ($226.4 million). Wumart was first listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Ltd in November 2003. That listing was subsequently transferred to the mainboard of the Hong Kong Stock Exchange on June 30, 2011…Full Article: China Daily Oct 2015
- As of June 2015, Wumart had 586 stores, of which 180 were superstores (e.g. hypermarkets) and 406 were minimarts. Wumart reportedly has a 35% market share in Beijing.
- In December 2013, Wumart had 547 stores (e.g. 155 superstores and 392 minimarts), an increase from 529 stores in 2012.
- From June 2012 to June 2013, the number of Wumart retail outlets grew from 529 to 541 (145 superstores and 396 mini marts).
- Founded in 1994 and headquartered in Beijing, Wumart is one of China’s leading retail chains. Their outlets are primarily located in the northern provinces of Beijing, Zhejiang, Tianjin and Hebei.