Lianhua Lands Hualian Supermarket As Competition Intensifies

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China's leading domestic grocery retail operator Lianhua Supermarket Holdings is to acquire Hualian Supermarket Company from department store major Bailian Group in a deal worth CNY491.8mn (US$72mn). Expanding Lianhua's footprint in Shanghai and the Yangtze River Delta region, the deal will also enable the company to gain ground on the expansionary retail multinationals that have managed to steal a lead on it in recent