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Beijing Wangfujing Department Store to Set up Subsidiary; to Transfer Holdings


Wednesday, 11 Jul 2012 08:00pm EDT 

Beijing Wangfujing Department Store announced that it will invest RMB 230 million to set up a wholly owned subsidiary, a Zhengzhou-based commercial company. After that, the Company will transfer all its 65% stake in a Zhengzhou-based management company to the new subsidiary. 

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