Blue Navy to develop according to the plans

The managing team of Giordano International (0709) said the joint venture Blue Navy formed together with China Resources Enterprises (0291) would go on developing according to the plan and no plans of setting up retail shops were canceled, pointed out by Salomon Smith Barney. The fund house maintained the rating of the company at ˇ§neutralˇ¨, but proposed the buying price beneath HK$3

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