Is it true that CR Vanguard bought BBK?

CR Vanguard's acquisition of BBK is not true.

CR Vanguard is a retail state-owned enterprise under China Resources (Group) Co., Ltd., a central enterprise. After 35 years of development, it has grown into the largest retail chain enterprise brand in China and become the main force of China Resources' retail business. CR Vanguard is engaged in the retail industry closely related to people's lives, adhering to the business philosophy of "fashion, quality, intimacy, freshness, low price and convenience". It operates hypermarkets, lifestyle supermarkets, convenience supermarkets, regional shopping centers, Ole supermarkets oriented to medium and high consumer markets, and a brand-new image convenience store-Vango, which is carefully built to meet young consumers' pursuit of fast and comfortable fashion life.