What Will Btg Hotels Do Now That It Owns Home Inns?
China's Btg Hotels (Group) has closed the privatization purchase deal of Home Inns, which will subsequently become a wholly-owned subsidiary of Btg Hotels.
IPO
Chinese Bread Retailer Invests CNY440 Million For Store Renovations
According to Luo Tian'an, chairman of the China-based bread and cake retailer Christine, to reverse its performance decline the company plans to invest CNY440 million for store renovations in the next three years.
China's Jingkelong Net Profit Down 37% In H1 2013
Beijing-based supermarket retailer Jingkelong published its semi-annual performance report, stating that its net profit decreased by 37.7% from CNY77.632 million in the same period of 2012 to CNY48.365 million.
JD.com Ends Online Payment Partnerships In China
After blocking Tenpay and WeChat, two products of Tencent, JD.com announced it will end its cooperation with Sina Weibo and Alipay.
Bright Dairy's New Zealand Subsidiary Gets Listed
Synlait Milk Limited, Bright Dairy's subsidiary in New Zealand, was listed on the New Zealand Stock Exchange with the stock code of SML.
Prada Aims At 12 New Stores In China In 2013
According to Patrizio Bertelli, president of Prada Group, the Italian luxury brand plans to open nearly 80 new specialty stores in 2013, including one flagship store in Milan and 12 stores in China.
Carpenter Tan To Open Outlets In Hong Kong In 2013
Chen Hanyun, financial director of Carpenter Tan Holdings Limited, revealed to Chinese local media that the company plans to open new outlets in Hong Kong in 2013.
Prada To Open 50 New Stores In China In Next Three Years
Prada has announced plans to open 50 new stores in China in the next three years.
Zhejiang Aokang Plans IPO In Shanghai
Zhejiang-based Chinese shoe maker Aokang has announced plans to launch an initial public offering in Shanghai and issue 81 million shares in the Shanghai Stock Exchange.
Rt-Mart Eyes USD1 Billion From IPO In Hong Kong
Taiwan-based supermarket retailer Rt-Mart has submitted an initial public offering application to Hong Kong Exchanges and Clearing Limited, aiming to get listed within 2011 and gain USD1 billion for store expansion.