Others News
- New World to spin off department store
Date: 7-Mar-2007 Sources: (Shenzhen Daily)
HONG KONG-BASED New World Development Co. Ltd. said it plans to spin off its mainland department store operation on the Hong Kong stock exchange.
The property-to-telecom group said in a statement it had submitted an application for the listing of New World Department Store China Ltd., which manages and operates a large national network of department stores on the mainland under the brand name 'New World?and 'Ba Li Chun Tian?in Shanghai. It gave no further details.
Sponsor Results:
