Announcements by Parkson Retail Group Limited |
- Acquisition of 9% interest in Xi'an Lucky King Parkson Plaza Co., Ltd ("Xi'an |
Lifeng") |
We attach herewith the announcement to The Stock Exchange of Hong Kong Limited |
("The HKEx") made by Parkson Retail Group Limited ("Parkson Retail"), a 53.52% |
owned subsidiary of the Company listed on The HKEx in relation to the |
acquisition by Parkson Retail's wholly-owned subsidiary, Golden Village Group |
Limited from Wang Lawrence of the entire issued share capital of Duo Success |
Investments Limited ("Duo Success") for a cash consideration of Rmb55,000,000. |
Duo Success is the sole legal and beneficial owner of the entire issued share |
capital of Huge Return Investment Limited, which in turn is the sole legal and |
beneficial owner of the 9% equity interest in Xi'an Lifeng (the remaining 91% |
equity interest is currently owned by Parkson Retail through its wholly-owned |
subsidiary, Hong Kong Fen Chai Investment Limited). |
|
Xi'an Lifeng is the owner and operator of two (2) Parkson branded department |
stores located in Beiling District, Xi'an City, Shaanxi Province of the |
People's Republic of China. |
You are advised to read the entire contents of the announcement or attachment. |
To read the entire contents of the announcement or attachment, please access |
the Bursa website at http://www.bursamalaysia.com . |