Fang Mingxian completed the acquisition of a 23% stake in Zhongxing Shenyang Commercial Building Group Co.,Ltd from Liaoning Fangda Group Industrial Co., Ltd.
June 22, 2022
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Fang Mingxian agreed to acquire a 13% stake in Zhongxing Shenyang Commercial Building Group Co.,Ltd (SZSE:000715) from Liaoning Fangda Group Industrial Co., Ltd. for approximately CNY 290 million on May 18, 2022.
Fang Mingxian completed the acquisition of a 23% stake in Zhongxing Shenyang Commercial Building Group Co.,Ltd (SZSE:000715) from Liaoning Fangda Group Industrial Co., Ltd. on June 23, 2022.
Zhongxing Shenyang Commercial Building Group Co Ltd is a China-based company mainly engaged in commercial retail business. The Company mainly operates department stores, supermarkets, online shopping platforms, and others. The Company's business models include joint ventures, self-operation and property leasing. The product categories of the joint venture model mainly include international boutiques, men's and women's clothing, watches and glasses, gold jewelry, home appliances, shoes and leather goods, sports and leisure, knitted bedding and some cosmetics. The self-operation model mainly involves some cosmetics and chain supermarkets and department stores. The property leasing mainly includes leasing operations of catering and other businesses in the business premises and leasing operations of business offices. The Company conducts it businesses in the domestic market.
Fang Mingxian completed the acquisition of a 23% stake in Zhongxing Shenyang Commercial Building Group Co.,Ltd from Liaoning Fangda Group Industrial Co., Ltd.