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China Nepstar Gains on New Century Store Acquisitions

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
February 27, 2008|

China Nepstar Chain Drugstore Ltd. (NYSE: NPD ), the largest drugstore chain in China based on the number of directly operated stores, announced yesterday that it will acquire all of the 68 drugstores including inventory and store equipment owned by Ningbo New Century Medical Ltd. ("New Century") for cash consideration of RMB30 million (US$4.1 million).

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