The company has established a partnership with JD.com to strengthen its online and offline retail operations. It acquired three Asian supermarkets in Los Angeles, which were rebranded as HK Good Fortune Supermarkets or Hong Kong Supermarkets. The company holds majority interests in Maison San Gabriel, Maison Monrovia, and Maison El Monte supermarkets; however, the Maison El Monte store was closed in June 2025 to improve profitability. Additionally, the company acquired a 10% equity interest in Dai Cheong Trading Company, Inc., a wholesale food and grocery supplier owned by John Xu, and a 10% equity interest in HKGF Market of Alhambra, Inc., owned by Grace Xu, spouse of John Xu. On June 30, 2022, the company acquired 100% equity interests in GF Supermarket of MP, Inc. from DNL Management Inc. and Grace Xu. These acquisitions were related party transactions.
Maison Solutions Inc's Comment on Supply Chain
The company has established a partnership with JD.com to strengthen its online and offline retail operations. It acquired three Asian supermarkets in Los Angeles, which were rebranded as HK Good Fortune Supermarkets or Hong Kong Supermarkets. The company holds majority interests in Maison San Gabriel, Maison Monrovia, and Maison El Monte supermarkets; however, the Maison El Monte store was closed in June 2025 to improve profitability. Additionally, the company acquired a 10% equity interest in Dai Cheong Trading Company, Inc., a wholesale food and grocery supplier owned by John Xu, and a 10% equity interest in HKGF Market of Alhambra, Inc., owned by Grace Xu, spouse of John Xu. On June 30, 2022, the company acquired 100% equity interests in GF Supermarket of MP, Inc. from DNL Management Inc. and Grace Xu. These acquisitions were related party transactions.
Sources:
Maison Solutions Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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