Friday, October 13, 2006 12:04:30 AM
LONDON (Reuters) - U.S. retailer Home Depot Inc.is understood to be poised to enter China thanks to a tie-up with Chinese chain HomeWay worth about $148.6 million, the Times newspaper reported on Friday.
The deal still requires regulatory clearance from the Chinese authorities, the newspaper said. HomeWay, established 10 years ago by Du Shia, a Chinese entrepreneur, has 14 stores in northern China.
Du was understood to be leading the negotiations with Home Depot and planned to use the funds from any deal to expand his chain, the newspaper added. Home Depot is due to form part of a U.S. delegation that plans to head to Beijing and Shanghai from November 13-17 with Commerce Secretary Carlos Gutierrez.
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Nothing firm, but a fella can dream can't he ?
would this mean we could sell the Chinese stuff made in China ??
I predict...it's going to get better, get worse, or stay the same. I'm sure of it.
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