Cooperative business between Giordano and China Resources unchanged

Lau Kwok Kuen Peter, chairman of Giordano International (0709), said the agreement signed by the company and China Resources Enterprises (0291) was not changed and would still be carried out in the way of cooperative business operation. What's more, Giordano International would open its first Blue Navy in Shanghai before the mid August, while the delaying was mainly due to the fitment problem, said Mr Lau. He added that the success of Beijing applying for hosting Olympics Games would push up the renting level of China mainland and the company would take cautious attitude toward it.

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