Wangfujing Group (SHA:600859) won the bid for the Changsha downtown duty-free store project in China's Hunan province via competitive negotiation.
The department store chain operator on Wednesday received confirmation that it was designated as the supplier for the project, according to a Friday filing with the Shanghai bourse.
The contract will have a duration of 10 years.
Shares of Wangfujing Group closed 2% higher Friday.
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