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Zhongmin Baihui Retail Group Ltd. ( (SG:5SR) ) has issued an announcement.
Zhongmin Baihui Retail Group Ltd. has announced a new large mall project in Shanxi Province, China, in partnership with Shanxi Xinjiarong Property Development Co., Ltd. The mall, named Intime 悦尚 时光里, will cover 52,000 square meters and is expected to be completed in the first half of 2026. This project marks the third large mall managed by the Group outside Fujian Province, following Changsha and Wuxi. The collaboration involves a profit-sharing arrangement and a 20-year management contract, highlighting the Group’s expansion strategy in key Chinese markets.
More about Zhongmin Baihui Retail Group Ltd.
Zhongmin Baihui Retail Group Ltd. is a company with over 20 years of experience in the retail business in China. It operates integrated department stores and supermarkets under the name ‘中闽百汇’ in Fujian Province, China.
Average Trading Volume: 17,933
Technical Sentiment Signal: Sell
Current Market Cap: S$109.3M
See more insights into 5SR stock on TipRanks’ Stock Analysis page.