Wal-Mart plans to bid for HK supermarket chain ParknShop
Wal-Mart, the world's largest retailer, is working with a bank as it weighs its options for ParknShop ahead of next week's preliminary bid deadline, Reuters yesterday reported, citing people familiar with the matter.
In late July, Hutchison Whampoa Ltd, the investment holding company controlled by Li Ka-shing, announced that its subsidiary A S Watson & Co is conducting a strategic review of its super market retail business ParknShop.
Source: www.domain-b.com
