Shenzhen-listed ST Renle (002336.SZ), once hailed as China’s “first private supermarket stock,” has entered its final countdown to delisting. The Shenzhen Stock Exchange announced on June 5 that it would terminate the company’s listing effective July 4, 2025. Trading will resume on June 13 under the ticker symbol “Renrenle Exit” (translated as “people are happy to withdraw”), beginning a 15-day delisting settlement period until its expected final trading date of July 3.
The delisting marks the fall of a former retail darling that failed to adapt to China’s competitive supermarket sector. Renrenle, which operated hypermarkets and convenience stores primarily in Guangdong and Hunan provinces, struggled with years of losses, debt defaults, and operational mismanagement. Its 2024 financial report showed a net loss of ¥428 million (.
The exit underscores broader challenges in China’s traditional retail industry, where brick-and-mortar chains face pressure from e-commerce giants like Alibaba’s Freshippo and PDD’s community group-buying model. Analysts note Renrenle’s failure to digitize operations or differentiate its offerings accelerated its decline, serving as a cautionary tale for legacy retailers.
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