K11 to Invest RMB 8b in Mainland Malls
New World Department Store (0825.HK) sister company K11 Concepts plans to spend RMB 8 billion over the next three to five years to open six or seven mid- to high-end retail malls in Beijing, Shanghai, Guangzhou, Shenyang, Chongqing and Tianjin, Wen Wei Po reported on January 19.
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