Khazanah invests in Parkson

Roadshows began yesterday (November 14) for a HK$1.39 billion ($178 million) to HK$1.622 billion ($208 million) IPO by Parkson Retail, the Chinese retailing arm of Malaysia's Lion group. The deal represents the first overseas listing by a pure Chinese department store operator and will further broaden investment opportunities in the burgeoning Chinese retail and consumer goods sector.