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The Popular bookstore chain has been sold to Hong Kong investment company ZQ Capital.

The Chief Executive has decided to retire after the acquisition. The Popular Bookstore brand has been household name for the last 99 years since 1924.

Its main product lines are assessment books. MOE started to removed mid-year exams in 2023, resulting in lacklustre sales after the long pandemic lockdown.

Fortunately, the stores will continue operating as usual. Will the new management attract more customers or open new stores?

https://www.straitstimes.com/business/hong-kong-investment-firm-zq-capital-buys-popular-bookstore-chain-for-undisclosed-sum-zaobao