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Nanjing Central Emporium (Group) Stocks Co Ltd to Set up Subsidiaries in Jiangsu

Friday, 27 Sep 2013 08:00pm EDT 

Nanjing Central Emporium (Group) Stocks Co Ltd announced that it will set up two shopping mall subsidiaries in Jiangsu with a registered capital of RMB 100 million respectively, which will be engaged in retail of prepackaged food, healthcare food, alcohol, audio and video product and magazine, as well as the import and export of general merchandise, the repair of clock, among others. The Company will hold a 95% stake in one company and 5% stake in the other company, while its Nanjing-based department store subsidiary will hold 5% stake and 95% stake respectively. 

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