HONG KONG Aug 21 State-backed China Resources
Enterprise has bid for Hong Kong super market chain
ParkNShop, Chief Financial Officer Frank Lai said on Wednesday.
Reuters had earlier reported that CRE, which owns Vanguard
supermarket chain and is Hong Kong's third biggest operator,
among the seven bidders to have placed indicative bids for the
supermarket chain, controlled by Asia's richest man for Li
Ka-shing's Hutchison Whampoa Ltd.
Earlier this month CRE formed a joint venture with British
retailer Tesco Plc in China, under which CRE would own
a 80 percent stake in the venture..