Environmental Organization Says Court Action In China Imminent For Tesco, Lianhua
International environmental organization Greenpeace is taking supermarkets in China to court over excessive use of pesticides.
Hualian
Thirty New K.P.I. Convenience Stores Planned In Beijing
Hong Kong-listed supermarket and chain store retailer K.P.I. Company Limited has announced plans to open 30 new Hi-24 convenience stores in Beijing in 2010, increasing the number of its convenience stores from 171 at the…
Nongfu Spring Claims CNY1 Billion Loss Over Arsenic Scandal
Chinese beverage manufacturer Nongfu Spring has disclosed to the local media that it is likely to suffer a loss of CNY1 billion as a result of reports of arsenic in certain of its soft drinks.
Board Approves Hualian Acquisition By Lianhua
Lianhua Supermarket has reported that its board of directors has approved the acquisition of Hualian Supermarket for CNY492 million.
Beijing Hualian Retail Profits Down 47.49% In 2008
Beijing-based supermarket and department store retailer Hualian has published its annual report for 2008, which states that its revenue increased by 16.43% to CNY8.618 billion in the period while its profits decreased by 47.49% to…
Hualian To Issue New Shares To Acquire Five Projects In Beijing And Jiangsu
Beijing Hualian Department Store Company has published a report which says that the company will issue CNY830 million in additional shares to its shareholder Beijing Hualian Group Investment Holding Company to acquire the group's five…
China Wumart Reports Net Profits Of CNY409 Million In First Nine Months Of 2008
According to Wumart Stores' financial report for the first three quarters of 2008, the company made net profits of CNY409 million in this period , but the growth rate of its net profits in the…
Tesco Set Up Purchase Center In Shanghai
The British retail giant Tesco has set up a purchase center for Asian areas in Shanghai.