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.
The auction for ParknShop comes amid political and public pressure on tycoons, a new anti-competition law and the entry of mainland-Chinese state-owned enterprises.
The auction for ParknShop comes amid political and public pressure on tycoons, a new anti-competition law and the entry of mainland-Chinese state-owned enterprises.
August 29, 2013

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

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media