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July 6, 2018updated 27 Jul 2018 6:56am

Deals this week: Pacific Legend Group, SouKare.com, LuLu Group

Pacific Legend Group Limited intends to raise up to HK$100m ($12.7m) through an initial public offering (IPO) of 250 million shares.

Pacific Legend Group Limited intends to raise up to HK$100m ($12.7m) through an initial public offering (IPO) of 250 million shares.

The shares will be priced at HK$0.30 ($0.038) to HK$0.40 ($0.05) each.

Based in Hong Kong, Pacific Legend is an apparel designer and furniture retailer.

Success New Spring Capital is the sole sponsor, while Supreme China Securities, Success Securities, Opus Capital and Aristo Securities are the joint lead managers and joint book runners for the transaction.

SouKare.com has raised $0.4m through a seed funding round from GCC-based investors.

Based in Dubai, SouKare.com is a start-up engaged in the development of lifestyle and healthcare technology.

The firm plans to use the funds to expand its geographical presence and product portfolio.

“Both the companies will increase the availability of grocery delivery by Nuro’s fleet of autonomous vehicles.”

LuLu Group has signed a memorandum of understanding (MoU) to invest $200m for establishing new hypermarkets in China.

LuLu Group has signed the agreement with Communist Party of China (CPC) party secretary Lin Yi, which allows the group to set up new hypermarkets in Yiwu and other major cities.

The group will also introduce self-service and automated checkout counters in the stores. It also plans to launch a department store offering women’s and men’s fashion, kids, sports, electronics, electronics and home essentials.

Kroger has joined forces with Nuro to introduce a pilot autonomous delivery service.

Kroger is a supermarket chain in the US, while Nuro is a manufacturer of unmanned road vehicles.

Both the companies will increase the availability of grocery delivery by Nuro’s fleet of autonomous vehicles.

The 2,800 Kroger stores will use Nuro’s technology platform and allow customers to place orders through Kroger’s ClickList ordering system and Nuro’s app.

Harper Wilde has raised $2m through a seed funding round led by Charles River Ventures.

Harper Wilde is an online lingerie portal owner and operator, while Charles River Ventures is a venture capital firm. Both the companies involved in the transaction are based in the US.