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Nanjing Central Emporium (Group) Stocks Co Ltd to Set up Joint Ventures with Subsidiary


Sunday, 14 Apr 2013 08:00pm EDT 

Nanjing Central Emporium (Group) Stocks Co Ltd announced that it will respectively invest RMB 1.5 million, RMB 5 million, RMB 5 million and RMB 2.50 million, to set up four joint ventures with its subsidiary, a Nanjing-based department chain store, with each to hold a 5% and a 95% stake in every joint venture. The joint ventures will be a Tongling-based shopping square company with a registered capital of RMB 30 million, a Jiaxing-based shopping square company with a registered capital of RMB 100 million, a Jurong-based square company with a registered capital of RMB 100 million, and a Ningjing-based e-commerce company with a registered capital of RMB 50 million. 

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