KUALA LUMPUR: Parkson Retail Group Ltd has signed a cooperative agreement with Shanghai Industrial Qingdao Development Co Ltd to acquire the land use and building ownership rights of the Qingdao Shopping Mall in Laoshan District, Shandong for 1.57 billion renminbi (RM769.83mil).
In a filing with Bursa Malaysia, Parkson said the agreement was entered via its wholly-owned unit, Beijing Huadesheng Property Management Co Ltd.
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