November 2 – Yinchuan Xinhua Department Store (600785.SH) will form Qinghai Xinhua Department Store Limited, a joint venture with Xining Zhangshi Industrial Group Limited, reports Shanghai Securities News, citing a company filing.

The proposed joint venture will have registered capital of 300 million yuan, and Xinhua Department Store will invest 45 million yuan worth of copyrights and 150 million yuan in cash for a 65-percent interest in it.

The new entity will use its own capital to buy a commercial property occupying 43,800 square meters as well as a 4,100-square meter business property in Wantong Building for 450 million yuan.

Zhangshi Industrial Group, a Qinghai-based animal husbandry firm, had total assets of 533 million yuan and net assets of 485 million yuan as of the end of 2010.