Zhongmin Baihui Retail Group

The mega outlet mall, located in China’s Huishan district in Wuxi, Jiangsu, opened its doors on Sept 9.

The company says the transaction is not expected to have any material impact on its earnings and NTA for FY2021 ending Dec 31.

“Our E-commerce strategy has been carefully planned and executed. We are now ready to offer our customers a more convenient way to shop in our stores,” says executive chairman Lee Swee Keng.

Zhongmin Baihui Retail Group, a Singapore-listed operator of department stores in China, announced that it has signed a direct sales agreement with a unit of Kweichow Moutai Group worth RMB120 million (S$23.7 million).

SINGAPORE (Feb 14): Online shopping is booming in Asia, but brick and mortar retail isn’t going away anytime soon. Outlet malls, for one, are gaining popularity in China as shopping and buying is an activity that comes in more variety and format. For co

SINGAPORE (May 15): Zhongmin Baihui Retail Group reported 1Q18 earnings increased by 14.2% to RMB 23.8 million ($5.01 million), compared to RMB 20.8 million on 1Q17 due to higher other income.

SINGAPORE (Feb 20): The Disciplinary Committee of the Singapore Exchange has fined and suspended five trading representatives for breaches including manipulating shares in two different cases.

SINGAPORE (Sept 30): Zhongmin Baihui Retail Group announced that it has opened a new store Quangang, Quanzhou City, Fujian Province.

SINGAPORE (Sept 29): Here are some stocks that could move the market this Thursday morning:

SINGAPORE (Sept 29): Zhongmin Baihui Retail Group is planning to acquiring the retail premises of the shopping mall at Hui’an County in Quanzhou, Fujian province, for RMB122.2 million ($24.9 million).