Wumart Stores Inc.



Quote for Wumart Stores Inc.

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Symbol/Code:
01025
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Type:
H Share
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Quote Delayed 15 Min.
Currency in HKD Time=UTC+801025 quote

Summary for Wumart Stores Inc.

Wumart Stores, Inc. (Wumart) is engaged in the operation and management of retail chains of superstores and mini-marts in Beijing, Hebei, Tianjin and Zhejiang. As of December 31, 2010, the Company had 492 outlets. As of December 31, 2010, it had a retail network of 492 stores consisting of 118 superstores and 374 mini-marts (consisting of Everyday Shops, supermarkets and convenience stores), which were either directly operated or operated and managed through franchise agreements and management agreements by the Company, its associates (other than Beijing Chao Shifa Company Limited) and a jointly controlled entity. During the year ended December 31, 2010, 12 directly owned superstores were opened, while three were closed down. During 2010, for mini-marts, 30 directly owned stores were opened, while 18 were closed down. On January 27, 2010, Wumart Enterprise Corporation Limited, a subsidiary of the Company acquired Chia Tai Trading (Tianjin) Company Limited.