Rainbow Shopping Mall commits to the development of department retail business

Write: Caresse [2011-05-20]

Tags: commercial real estate

The online conference of the issuing of A share by Rainbow Shopping Mall was held on the Panoramic website recently. According to Wan Ying, board secretary of Rainbow, the company has been committed to the development of its department retail business in the past 26 years. And Rainbow will not do the business of commercial real estate.

Wan Ying further explained that Rainbow adheres to its principle of profitable expansion and sustainable development. Considering the company s less asset management" strategy, Rainbow will selectively choose to increase their own property in order to maintain long-term sustainable development. But it does not plan to do the business of real estate.

Meanwhile, it is possible for Rainbow to cooperate with companies like Zhonghang Real Estate Co., Ltd. by means of taking advantage of these companies business and adhering to the market principle. Rainbow will achieve coordinated development by leasing these companies properties.