After acquiring YongHe King, Jollibee, the Philippine fast food chain, aims to acquire another Chinese food chain and the company has announced plans to acquire 100% of the equity in the Beijing Hongzhuangyuan porridge store chain for about USD55.5 million.

China Golden Development Holdings Ltd. has announced that the company's plans to acquire Xi'an Century Ginwa have gained approval from the Ministry of Commerce and the acquisition is expected to be completed in September 2008.

Johnson & Johnson (China) Investment Co. Ltd. has announced that the company has completed the acquisition of Beijing Dabao Cosmetics Co. Ltd., making Dabao the third Chinese cosmetics brand acquired by foreign companies after Yue Sai and Mininurse.

According to the Hong Kong Stock Exchange, Lifestyle International, a Hong Kong department store giant, wants to become a shareholder of Beiren Group, a state-owned retail group in Shijiazhuang.

China Dongxiang (Group) Corporation has announced that it plans to acquire Phenix Corporation, a Japanese apparel retailer.