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Article: HUALIAN DEPARTMENT STORE BUYS 5 COMMERCIAL PROPERTY FIRMS
- Article from:
- AsiaInfo Services
- Article date:
- July 14, 2009
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AsiaInfo Services
07-14-2009
Hualian Department Store Buys 5 Commercial Property Firms
SHENZHEN, Jul 14, 2009 (SinoCast Daily Business Beat via COMTEX) -- Beijing Hualian Department Store Co., Ltd. (SZSE: 000882) has acquired five commercial property companies from Beijing Hualian Group Investment Holding Co., Ltd., announced the Shenzhen-listed commercial property developer on July 13.
To complete the deal, Hualian Department has issued 245 million new shares at CNY 3.39 apiece to Hualian Group, said the publicly-traded company.
Hualian Department, which has seven commercial property units throughout the country after the deal, expects to see Hualian Group grow into its controlling ...