Nanjing city, Jiangsu province-based Chinese appliance retailer Suning Commerce Group Co. Ltd. plans to transfer 11 retail stores for RMB4.01 billion (US$650 million) to Goldstone Investment Limited, the direct investment arm of CITIC Securities Co.Ltd., according to a securities filing submitted by Shenzhen-listed Suning. The sale is part of Suning's move to focus on core […]

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