KUALA LUMPUR: Parkson Holdings Bhd
’s subsidiary in Hong Kong has embarked on a RM800mil acquisition by buying the Qingdao Shopping Mall in China for 1.42bil renminbi (RM800mil).
Parkson said on Monday its 52.10% owned Parkson Retail Group Ltd had signed a sales and purchase agreement with Shanghai Industrial Qingdao Development Co., Ltd to acquire the mall.
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