Group Rules Out Sale of Stake in Shanghai Mall.

From: Knight Ridder/Tribune Business News | Date: April 30, 2003 | Copyright information

By Walailak Keeratipipatpong, Bangkok Post, Thailand Knight Ridder/Tribune Business News

Apr. 30--The Charoen Pokphand Group in China has decided against outside investors acquiring a stake in its huge Super Brand Mall in Shanghai.

The recently opened shopping complex, worth around US$450 million, has been the subject of interest from a number of investors including Nong Kai, a Chinese development group.

"We quoted a selling price and gave an op...

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