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Article: CHONGQING DEPARTMENT STORE MAY GET NO ASSETS FROM PARENT

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AsiaInfo Services
Article date:
September 8, 2009
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AsiaInfo Services
09-08-2009
Chongqing Department Store May Get No Assets from Parent

CHONGQING, Sep 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chongqing Department Store Co., Ltd. (SHSE: 600729) will possibly fail to buy New Century Department Store Ltd. from Chongqing General Trading Group, said sources.

Days ago, rumors said that New Century Department Store would go public on the Stock Exchange of Hong Kong (SEHK). Chongqing Department Store suspended trading in order to find out the truth on September 7. Today, the Shanghai-listed company announces that the trading suspension continues, in a bid to avoid abnormal fluctuation of its share prices.

As early as 2005, Chongqing ...

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