Home depot retailer OBI stops China business

What a surprise! German's home depot retailer OBI recently annouced to quit its China engagement by selling all its stores to British rival Kingfisher by the end of this year!

Kind of strange as I could have worked for OBI in Shanghai in 2003 before I accepted another offer at that time.
OBI in Shanghai is located in the Putuo district, northwest of Shanghai, next to the retailer METRO.

picture copyright by DPA