China-based Lianhua Supermarket has said it has completed its asset integration with recently-acquired Hualian Supermarket.
The unit of Shanghai Bailian Group will keep both brands intact. Lianhua Supermarket bought a 100% stake in Hualian Supermarket for CNY492m (US$72.3m) in June 2009.
Upon the completion of the integration, Lianhua Supermarket plans to spend CNY600m on opening 500 stores this year, principally in the Yangtze River Delta region.
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