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Article: HUALIAN DEPARTMENT STORE TO BUY HUALIAN HYPERMARKET ASSETS
- Article from:
- AsiaInfo Services
- Article date:
- June 25, 2009
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AsiaInfo Services
06-25-2009
Hualian Department Store to Buy Hualian Hypermarket Assets
BEIJING, Jun 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- Beijing Hualian Department Store Co., Ltd. (BHDS; SZSE: 000882) will acquire some assets at three stores of Beijing Hualian Hypermarket Co., Ltd. (BHHC; SHSE: 600361) for as much as CNY 57.95 million.
On top of that, as a subtenant, BHDS will lease part of the supermarkets at the three stores to BHCC. The deal is expected to help the three stores attract more shoppers and give their supermarket business a big lift.
BHDS now is going through a shift in business strategy. The deal will further beef up the company's integrated competitive ...