Philippines' fast food giant Jollibee Foods Corporation has announced plans to acquire a 55% stake in San Pin Wang, a beef noodle chain in Guangxi Zhuang Autonomous Region, for CNY30 million.
The Shenzhen-based retailer Jiahua Stores has announced the opening of the group's 14th outlet on Chinese mainland in Foshan, Guangdong Province.
Courier service provider TNT has announced that the company will open eight new branches in China before the end of the year, increasing the number of its outlets in China to 34.
The board of directors of Parkson Holdings Berhad has announced that Parkson Retail Group Ltd., its wholly-owned subsidiary, will indirectly acquire a 30% stake of Nanning Brilliant Parkson Commercial Co.
Parkson Retail Group has announced that the group will acquire two department stores in mainland China for RMB240 million from its majority stockholder, Parkson Holdings Berhad, Malaysia.