(AFX UK Focus) 2010-06-29 03:29 China Resources buys HK coffee chain for $42 mln
HONG KONG, June 29 (Reuters) – Consumer-sector focused China Resources Enterprise said on Tuesday that it had acquired an 80 percent stake in Hong Kong coffee chain Pacific Coffee from Chevalier Pacific Holdings for HK$326.6 million ($41.97 million). The remaining 20 percent of Pacific Coffee, which has 95 stores mostly in Hong Kong, would be held by investment holding firm Chevalier.
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