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Yonghui Superstores Co Ltd to Set up Joint Venture with Shanghai-based Company

Friday, 5 Jul 2013 08:00pm EDT 

Yonghui Superstores Co Ltd announced that it will set up a joint venture in Shanghai with a Shanghai-based vegetable company. The joint venture capitalized at RMB 100 million will be engaged in fresh food supermarket business. The Company and the Shanghai-based company will hold a 45% stake and a 55% stake in the joint venture respectively.