Article: EYING EXPANSION, HEFEI DEPARTMENT STORE TO FORM JV IN LIUAN


AsiaInfo Services
08-08-2008
Eying Expansion, Hefei Department Store to Form JV in Liuan

SHENZHEN, Aug 08, 2008 (SinoCast via COMTEX) -- Hefei Department Store Group Co., Ltd. (SZSE: 000417) announces on August 7 that it will set up a department store-operating joint venture in Liuan City, Anhui Province, in cooperation with Anhui Jinshangdu Trading Co., Ltd. with a total investment of CNY 10 million.

The two sides inked an agreement on August 6, under which the Shenzhen-listed department store operator and its partner will respectively inject CNY 5.1 million and CNY 4.9 million into the venture in cash, getting 51% and 49% of the company. The venture will run a department store in one ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!