Rt Mart has signed agreements with the Nanchang Municipal Commerce and Trade Commission and Jiangxi Hengmao Real Estate Company to open shops in Nanchang, Jiangxi Province.
Rt Mart plans to invest US$4.2 million dollars to set up its first store in the city.
Founded by Ruentex Group in 1996, Rt Mart is an international retailer based in Taiwan. Last year, It ranked second among the retailing businesses invested by foreigners or businesses from Taiwan, Hong Kong and Macau with sales revenue of RMB15.7 billion.
This outlet in Nanchang will be the first Rt Mart in Jiangxi province. It is scheduled to open in the first half of next year.
Rt Mart plans to open another two stores in Jiangxi, and it is now investigating possible locations for those stores.