(Yicai Global) March 25 -- The controlling shareholder of Chinese supermarket operator Better Life Commercial Chain Share, raised its registered capital to CNY1 billion (USD142 million) yesterday in an eight-and-one-half-fold rise, according to corporate information platform Tianyancha.

Better Life Investment Group, which is based in China's central Hunan province and which owns supermarket chains, department stores, logistics and commercial real estate businesses.

Its shares [SHE:002251] inched up 0.43 percent to close at CNY9.30 (USD1.32) at lunch.

The company held about CNY31 billion in assets as of the end of June, its financial report for last year shows.

Editor: Ben Armour