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


Monday, 13 May 2013 08:00pm EDT 

Nanjing Central Emporium (Group) Stocks Co Ltd announced that it has decided to set up a joint venture, which will be engaged in real estate development and sales business, with a controlling subsidiary, which is engaged in real estate development business in Nanjing. The Company will hold a 5% stake (RMB 2.5 million) and its subsidiary will hold a 95% stake (RMB 47.5 million) in the joint venture. 

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