Shanghai M Macalline Group and Dalian Huanan Group have signed an agreement in Dalian to open a new M Macalline store in the city's Zhonghua road business area.

According to Che Jianxin, president and CEO of the Chinese home furnishing chain M Macalline, after an injection of USD1.5 billion capital from the U.S. private equity firm Warburg Pincus, the company is currently implementing its phased listing plan and it is expected to be listed on China's A-share market in 2010.

According to Qi Zhiping, executive vice general manager of M Macalline Nanjing, the M Macalline Qinhuai store will be open in Nanjing in September 2008.

Che Jianxin, president of M Macalline, said at a cooperation signing ceremony held in Shangri-La Hotel, Chengdu that M Macalline would invest RMB600 million to jointly build its second Chengdu store with the construction materials firm Tungtai Group.

Leroy Merlin, a French decorative and constructional materials chain supermarket, has opened its second Beijing store at Dajiaoting after entering the Beijing market for more than three years.