China Resources bids for Jiangxi supermarket chain | South China Morning Post
  • Tue
  • Jan 27, 2015
  • Updated: 3:01pm

China Resources bids for Jiangxi supermarket chain

PUBLISHED : Saturday, 30 July, 2011, 12:00am
UPDATED : Saturday, 30 July, 2011, 12:00am
 

Retailer China Resources Enterprise has offered 3.69 billion yuan (HK$4.46 billion) to take over Jiangxi Hongkelong Department Store, which runs 21 hypermarkets in Jiangxi province. The purchase would provide a stepping stone for further expansion.

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