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Volume 7, Issue 11, November 2011 |
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| Wal-Mart Arrears Thousands of Million Rents, Court Intervention Leads to No Result in 6 Years | |
In 1999, Dalian Wangguo Shopping Plaza Co.,Ltd. signed an agreement with Dalian Wal-Mart Service Management Co.,Ltd. that Wangguo will provide funding and field for Wal-Mart to open up its store. The agreement was scheduled on June, 11, 2002, when Dalian Wal-Mart rent the mall for business, with yearly payment of more than 10 million RMB, for 15 years. But Wal-Mart has not paid rent after taking o...
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