Maoye International Holdings Ltd.: Credit Discussion Update
CORPORATES CREDIT OPINION 28 March 2017 Update RATINGS Maoye International Holdings Ltd. Domicile Cayman Islands Long Term Rating Caa1 Type LT Corporate Family Ratings Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Gloria Tsuen, CFA 852-3758-1583Maoye International Holdings is an investment holding company. Through its subsidiaries, Co. is principally engaged in the operation and management of department stores and property development in the People's Republic of China. As of 31 Dec 2014, Co. operated and managed 41 stores in 17 cities. The cities under its coverage include Shenzhen and Zhuhai in Guangdong Province; Chengdu, Nanchong and Mianyang in Sichuan Province; Chongqing; Wuxi, Taizhou, Yangzhou and Changzhou in Jiangsu Province; Zibo, Heze and Linyi in Shandong Province; Qinhuangdao and Baoding in Hebei Province; Shenyang in Liaoning Province and Taiyuan in Shanxi Province.
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