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Does Nanjing Central Emporium (Group) Stocks (SHSE:600280) Have A Healthy Balance Sheet?
Nanjing Central Emporium(Group)Stocks (600280.SH): plans to purchase 20% equity of Anhui Zhongshang for 25 million yuan.
Grloanhu on February 24 reported that Nanjing Central Emporium(Group)Stocks (600280.SH) announced that in order to better enhance Operation efficiency, reduce costs, and improve profitability, as well as decrease internal coordination costs and achieve collaborative development, the company will purchase 20% of the equity of Anhui Zhongshang Convenience Store Co., Ltd. held by Peking Innovation Works Venture Capital Center (Limited Partnership) through an assessed and mutually agreed price of 25 million yuan in installments. After the purchase is completed, the company will Hold 64% of the equity of Anhui Zhongshang.
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