Walmart, China Resources Eye E-Mart China Stores, CBN Says
Wal-Mart Stores Inc. (WMT) and China Resources Enterprise Ltd. (291) may be among bidders for E-Mart Co.’s 10 stores in China, China Business News reported today, citing an unidentified person familar with the situation.
Each of the 10 stores, located in eastern China, may be worth 30 million yuan, according to the Shanghai-based newspaper. Wumart Stores Inc. may also bid for the stores, according to the newspaper.
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