Date of Report: September 30, 2024
Broker Name: CGS International Securities

DFI Divests Entire Stake in Yonghui Superstores
DFI has made a strategic decision to divest its entire stake in Shanghai-listed Yonghui Superstores. The divestment involves 1.9 billion shares, which are being sold to Miniso for approximately RMB 4.5 billion (S$823.6 million). This significant transaction reflects DFI’s efforts to optimize its portfolio and reallocate resources.

DFI Sells Commercial Properties to SSG
In another major transaction, DFI has sold two commercial properties located in Singapore, specifically in Siglap and Toa Payoh, to SSG. The deal is valued at S$50.2 million, further demonstrating DFI’s strategic real estate adjustments as part of its ongoing restructuring and portfolio management.

Strategic Focus on Asset Management
Through these sales, DFI is clearly focusing on enhancing its capital efficiency and refocusing its business strategy. The sale of both its stake in Yonghui Superstores and commercial properties highlights its goal of streamlining operations and concentrating on more profitable or core areas of business.

This detailed overview, derived solely from the September 30, 2024, report, illustrates DFI’s key moves in divesting assets and optimizing its portfolio, particularly in the context of its broader strategic realignment.