History
Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but an administrative organization to manage the shops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form an enterprise. In 1987, Yuyuan Shopping Mall was approved to become the first commercial holding company in Shanghai. In 1988, its shares were listed on the Shanghai Stock Exchange and it was the first listed commercial holding company in China. In 1992, to unify the operations and management of the shopping mall, Shanghai Yuyuan Tourist Mart Company Limited was established and listed on the Shanghai Stock Exchange to replace the old listed company. In 2002, Fosun Group, a civilian-run enterprise in Shanghai, acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder of Yuyuan Tourist Mart.
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