Jinan-based Silver Plaza Group has announced plans to accelerate its expansion in northwestern areas of Shandong and will invest CNY500 million to open three new shopping malls in Dezhou.

Japanese retail group Aeon will open a new outlet on Yanji road in Qingdao on December 18, 2009, and will also open two more new stores in Teda Shopping Center in Tianjin and Jiayu Sun City Plaza in Guangzhou.

Hong Kong-listed China Resources Enterprise Limited has announced that it will exchange assets with its parent company, China Resources Group.

Germany-headquartered retailer Metro has signed an investment contract with the government of Yantai, Shandong to build a new supermarket in the Zhifu district of the city.

Taiwan-based retail chain Rt-Mart has officially entered Binzhou in Shandong by laying the foundation of its first supermarket in the city.

The South Korean Lotte Group has signed a contract with Weihai Jiulong Real Estate to open a new Lotte Mart in the Weihai Economic and Technical Development Zone in Shandong.