Aggregated China Travel News



Chia Tai Acquires Lotus Shanghai With HK$2.8 Billion

Aggregated Source: ChinaRetailNews.com
May 21, 2007|

Chia Tai Enterprise has announced plans to acquire Shanghai Lotus Supermarket Chain Store Company and its 19 stores for HK$2.8 billion. Before the acquisition, Shanghai Lotus sold 22 stores that were in a not so good condition for HK$7.17 billion to CPH. Chia Tai Group said that they enjoyed the priority in buying these stores when [...]

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