China In-Focus: QKL Expands Hypermarket Stores
October 27, 2010 (FinancialWire) (http://www.financialwire.net/) — QKL Stores, Inc. (NASDAQ: QKLS), a regional supermarket chain in Northeastern China, said it has opened its eighth hypermarket store.
The store, which is the company's 41st overallll, is situated in Fujin City, Heilongjiang Province, and was opened on October 25. The company's single story hypermarket store occupies approximately 6,700 sq. meters of gross space.
The opening of the store bring the total number of QKL’s store locations to 41 for an aggregate total of 205,000 sq. meters of store space. This is comprised of 30 supermarkets totaling 93,000 sq. meters, eight hypermarkets totaling 61,000 sq. meters and three department stores totaling 43,000 sq. meters.
China-based QKL Stores is a regional supermarket chain company operating in Northeast China.
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