WNA Globe

World News by Wild Rose

#supermarket merger ร—

โ€˜No ParknShop saleโ€™: Li Ka-shingโ€™s CK Hutchison rules out supermarket merger with Wellcome

CK Hutchison Holdings, one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chainโ€™s owner and operator. โ€œThere is really no such plan to sell ParknShop,โ€ said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the companyโ€™s annual general meeting on Thursday. The group had been reported to be in talks with Jardine Matheson about...