IN BRIEF (Page 4)

Suning buys Citicall

Electronics retailer Suning Appliance Co is buying Citicall Retail Management Ltd to gain 22 stores in Hong Kong and a platform for expansion overseas. The company plans to increase Citicall's outlets to 50 within three years, President Sun Weimin said. Suning will pay as much as HK$215 million for the acquisition which will be completed by March.

Hang Seng Bank plan