Trade Power Group has reached an agreement with Grand Investment International to acquire a 3.95% stake in Tianjin Yishang Friendship Holdings Company, which is based in China.
Both Trade Power and Grand Investment are based in Hong Kong.
The transaction will include the acquisition of 8,711,964 shares in Tianjin Yishang Friendship Holdings.
The target company owns and operates department stores and home appliance stores.
Canada-based pharmaceutical and healthcare product retailer McKesson Canada Corporation has completed the acquisition of Well.ca Inc., with the aim of enhancing its retail operations.
Based in the US, the target company is an online retailer of health, wellness, natural and baby products.