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PARKSON Retail Group Ltd (3368.HK)

3368.HK on Hong Kong Stock

0.82HKD
9 Dec 2016
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Thu, Nov 17 2016

BRIEF-Parkson Retail says Q3 loss attributable rmb123.9 million

* Total operating revenue increased by 0.5% to rmb1.07 billion in 3Q2016

BRIEF-Parkson Retail signs equity transfer agreement with Zriver Capital Investment Management

* vendor, company, purchasers and purchasers parent have entered into equity transfer agreement

Fitch: Parkson's Sale of Loss-Making Beijing Store Cuts Leverage

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, September 22 (Fitch) Fitch Ratings says China-based department-store operator Parkson Retail Group Limited's (B/Negative) proposed disposal of a store in Beijing ought to reduce the company's leverage, even as its ratings remain constrained by the weak profitability and continued sales decline of its core operations. Parkson announced on 14 September that it expects to generate CNY2.3bn in gross proceeds (CNY1.9

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