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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; Shaoxing Shangchao Investment Co. Ltd.</title>
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		<title>Wumart To Buy Shares Of Zhejiang Supply And Marketing Supermarket</title>
		<link>http://www.straightstocks.com/investing-in-china/wumart-to-buy-shares-of-zhejiang-supply-and-marketing-supermarket/</link>
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		<pubDate>Tue, 02 Sep 2008 19:30:03 +0000</pubDate>
		<dc:creator>China Retail News</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[Hangzhou Tiantian Wumart Commerce Co. Ltd.]]></category>
		<category><![CDATA[Marketing Supermarket]]></category>
		<category><![CDATA[owned subsidiary]]></category>
		<category><![CDATA[Shaoxing Shangchao Investment Co. Ltd.]]></category>
		<category><![CDATA[Wumart]]></category>
		<category><![CDATA[Zhejiang Supply And Marketing]]></category>

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		<description><![CDATA[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 [...]]]></description>
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