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Parkson Group Acquires Two Department Stores From Its Majority Shareholder

Aggregated Source: ChinaRetailNews.com
May 28, 2008|

Parkson Retail Group has announced that the group will acquire two department stores in mainland China for RMB240 million from its majority stockholder, Parkson Holdings Berhad, Malaysia. According to a report released by Parkson Group, the group plans to require 70% shares of Nanning Brilliant Parkson Commercial Company for RMB140 million and all shares of Tianjin [...]

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