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Intime Buys Out Zhejiang JV
Hangzhou-based Intime Department Store (1833.HK) plans to acquire the remaining 47% stake of its joint venture with Jinhua Zanjia, Jinhua Intime, for a consideration of RMB 47 million, the company announced October 30. The JV was established to develop and operate a department store in Jinhua, Zhejiang province, according to the report.
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