Wumart To Buy Shares Of Zhejiang Supply And Marketing Supermarket
Sep 3rd, 2008 | By ChinaRetailNews.com Editor | Category: SupermarketsWumart Stores, Inc. has announced that Hangzhou Tiantian Wumart Commerce Co., Ltd., a wholly owned subsidiary of the company, will acquire a 85% stake of Shaoxing Shangchao Investment Co., Ltd. for CNY151,177 million, giving Wumart indirect ownership of 54.09% of shares of Zhejiang Supply and Marketing Supermarket.
