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Article: XI'AN KAIYUAN TO BUY OUT JIUHUA URBAN CONSTRUCTION

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AsiaInfo Services
Article date:
June 25, 2009
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AsiaInfo Services
06-25-2009
Xi'an Kaiyuan to Buy out Jiuhua Urban Construction

XI'AN, Jun 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese department store operator Xi'an Kaiyuan Holding Group Co., Ltd. (SZSE: 000516) plans to buy a 27.08% stake in Baoji Jiuhua Urban Construction Investment Development Co., Ltd. (transliterated) for CNY 26 million.

After the deal, Jiuhua Urban Construction, located in Baoji, one of the major cities in Shaanxi Province, northwest China, will become a wholly-owned subsidiary of the department store operator based in Xi'an, the capital city of the northwestern province.

Xi'an Kaiyuan Holding announces on June 25, 2009 that it signed agreements ...

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