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| Wednesday, October 08, 2008 00:28:13 |
New World boosts funds for mainland acquisitions
New World Department Store China (0825.HK) said Tuesday it will boost the funds it has available for acquiring department store operators, retailers and properties on the mainland from US$76.98 million (HK$600 million) to US$1.17 billion (HK$9.1 billion), China Business News reported. The company, which raised US$284.44 million (HK$2.217 billion) in a Hong Kong listing in July 2007, originally set ...
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