China Resources bids for Jiangxi supermarket chain

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

Share

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.

 

Promotions