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CRE Expect Tesco Joint Venture Approval In May
date:Mar 24, 2014
The retail conglomerate China Resources Enterprise Ltd (CRE) expects government approval for its joint venture with British supermarket operator Tesco to come through in May of this year.

CRE's chief financial officer Frank Lai told journalists assembled at a news conference that we can book in the sales from JV in third or fourth quarter this year.

We can expect the Tesco joint venture will eventually get approval from Chinese authorities in May, he said.

The partnership was formed last Oct

12/25 11:58