News about Parkson

The rental payable, including tax, under the tenancy agreement is 3.

The Parkson group set foot in Vietnam in 2005 and developed a premium shopping mall chain in the major cities of Ho Chi Minh City, Hanoi and Haiphong.

The agreement is in respect of a tenancy of a lower ground floor, as well as first to fourth floors of a building with a total gross area of 28,585.

A resolution pertaining to the disposal was passed by the shareholders by way of a poll at PRG's extraordinary general meeting on Friday (Oct 28), said Parkson in a filing with Bursa Malaysia.

Parkson said Mianyang Fulin Parkson Plaza Co Ltd received a successful bidding notice on Tuesday (Oct 25) confirming that it had won the bid in the tender for tenancy of part of LG1, and levels one to four of buildings on the east side of Chuan Ye Da Dao, Mianyang Science and Technology City New District.

The department store operating on the properties has been suffering losses due to the weakening spending power of local residents as well as the adverse effects of Covid-19 mitigation policies on the retail business.

KUALA LUMPUR (Aug 24): Parkson Holdings Bhd has sold 5.

KUALA LUMPUR (July 12): Parkson Holdings Bhd’s 54.

KUALA LUMPUR (March 20): Parkson Corp Sdn Bhd (Parkson) will shut down two of its department stores this year while “mulling the closure of a third store”, The Edge Malaysia reported this week.

KUALA LUMPUR (Feb 25): Parkson Holdings Bhd has narrowed its net loss to RM28.