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Group in Talks to Sell Mall in Shanghai.
Nov. 1--The Charoen Pokphand Group has entered into negotiations with several foreign investors to sell off its newly-opened US $500-million Super Brand Mall project in Shanghai, China.
If the deal is completed, it would be one of the most valuable assets sold by the agribusiness conglomerate in recent years, with potential profits put at $40 million.
Dhanin Chearavanont, CEO and group chairman, said several parties had expressed interest in taking over the project, which opened on Oct 19.
Sources said one interested investor was Hong Kong millionaire Shou Shengyi, the major shareholder in the Nong Kai Group, a leading developer in China.
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...centre) Network includes the Super Brand Mall of Shanghai; Canal City Hakata...Shanghai Kinghill Co Ltd, the Super Brand mall operator, signed the agreement...The 240,000-square-metre Super Brand Mall projects $500 million in sales...
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...the Charoen Pokphand Group's Super Brand Mall in Shanghai in April. Better...Mall Asia, the operator of Super Brand Mall, said the retail market in...also expected to be named Super Brand Mall, in various parts of China...
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...acquiring a stake in its huge Super Brand Mall in Shanghai. The recently opened...run a department store in the Super Brand Mall. The team from Taiwan has been...the first to fourth floors of Super Brand Mall, occupying 20,000 square...
Source: HighBeam Research, Group in Talks to Sell Mall in Shanghai.