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Wumart To Buy Shares Of Zhejiang Supply And Marketing Supermarket
China Retail News (September 2nd, 2008) Writes:
Wumart Stores, Inc. has announced that Hangzhou Tiantian Wumart Commerce Co., Ltd., a wholly owned subsidiary of the company, will acquire a 85% stake of Shaoxing Shangchao Investment Co., Ltd. for CNY151,177 million, giving Wumart indirect ownership of 54.09% of shares of Zhejiang Supply and Marketing Supermarket.
A report shows that the business sites of Zhejiang [...]
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