It's official! RT-Mart officially changed hands

Recently, Sun Art Retail, the parent company of RT-Mart, announced that the delivery of the sale and purchase agreement for Alibaba’s sale of Sun Art Retail has been completed in Hong Kong on February 27, 2025.

At this point, RT-Mart officially changed hands.

According to the announcement, in this transaction, the offeror (i.e., DCP), as the buyer’s designated entity, acquired a total of approximately 7.508 billion shares from the seller, representing 78.7% of Sun Art Retail’s total issued share capital as of February 27. The consideration for the transaction was to be paid by the Offeror in two instalments. The first instalment of approximately HK$6,907 million was paid in cash on the Completion Date of the Sale and Purchase Agreement, net of applicable stamp duty payable by the Vendor. The remaining amount of approximately HK$3,454 million together with a maximum interest of HK$0.20 per share for sale will be deferred in cash on the second payment date of the applicable sale and purchase agreement.

At the same time, Sun Art Retail, the parent company of RT-Mart, announced important personnel changes, and Huang Mingduan resigned as chairman of the board of directors, and will be replaced by DCP Hua Yuneng.

“Fat Donglai style” may be changed into a new direction

At a time when the development of traditional retail is in trouble, in the past two years, Fat Donglai has become the “voice king” of the retail industry. “Fat Donglai style” has become a new idea.

Taking Yonghui Supermarket as an example, as of February 2025, Yonghui has adjusted more than 40 stores, reaching 41, covering 18 cities. As the core category of the adjustment, bakery and cooked food with improved quality have become a new growth engine, with bakery sales increasing by more than 520% year-on-year, and cooked food sales increasing by more than 387% year-on-year. At the same time, Yonghui officially released the list of the first batch of stores in the Year of the Snake, with a total of 20 stores, involving 15 cities.

When the first store in Shanghai opened, some executives of RT-Mart led a team to exchange and learn in Yonghui. This may be one of the obvious signals that RT-Mart may learn from Fat Dong to make adjustments.

According to the analysis of industry professionals, as a listed company, from the capital level and the stock price as the core, Dehong Capital does not rule out the possibility of promoting RT-Mart to learn from Fat Donglai like Ye Guofu, the founder of MINISO.