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Wal-Mart Rumored to Sell Trust-Mart stake 

Posted on Nov 06, 2009 | 18:11

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Rumors began circulating on November 5 that Wal-Mart (NYSE:WMT) plans to sell its stake in China's Trust-Mart hypermarkets, reports Beijing Business Today. Wal-Mart responded the same day that it holds 35% stake in Trust-Mart and the companies are operating normally, as independent entities, said the report.

Reports earlier this week said that Wal-Mart had suspended its plan to restructure Trust-Mart stores.

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