China Merchants to pay $126m for 49% stake in HK snacks vendor Best Mart 360

China Merchants to pay $126m for 49% stake in HK snacks vendor Best Mart 360

Hong Kong snacks vendor Best Mart 360 Holdings’ shares surged 32.2% Thursday on news that its controlling shareholders plan to sell a 49% stake to a mainland Chinese state-owned conglomerate.

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