ParknShop auction stirs debate in Hong Kong

Although it may not be the biggest deal to hit the region this year, the sale of the supermarket chain by Li Ka-shing has provoked discussion on the role of tycoons in the city and also on food safety.

ParknShop auction stirs debate in Hong Kong

The auction for ParknShop, Hong Kong’s largest supermarket by market share, is gathering pace.

Although it may not be the biggest deal to hit the region this year, it has stirred debate in the city on the role of tycoons in the city, not to mention the origin and safety of food.

ParknShop is owned by Hutchison Whampoa, a conglomerate controlled by Asia’s richest man Li Ka-shing, and it enjoys...

To continue reading, please login or register for free

Click for more on: parknshop | li ka-shing | ma

Print Edition

FinanceAsia Print Edition

CONFERENCES