China Business News: Lianhua Supermarket to buy Hualian Supermarket

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Lianhua Supermarket to buy Hualian Supermarket

Jun. 30, 2009 (China Knowledge) - Lianhua Supermarket Holdings Co Ltd<0980> announced that it has signed acquisition agreements with Shanghai Bailian Group and its real estate arm to buy Hualian Supermarket Co Ltd, sources reported.Lianhua Supermarket said in a statement filed with the Hong Kong Stock Exchange, the acquisition will cost a total of RMB 492 million. According to the agreement,

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