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Hutchison Whampoa Ltd Drops Plan To Sell ParknShop Supermarkets Business-Reuters


Friday, 18 Oct 2013 09:40am EDT 

Reuters reported that Hutchison Whampoa Ltd, has scrapped a plan to sell its Hong Kong supermarkets business, ParknShop and will instead focus on expanding in China. Hutchison has decided not to sell after conducting an initial strategic review with advisors Goldman Sachs and Bank of American Merrill Lynch. Hutchison also said it planned to conduct a strategic review of its health and beauty retail business A.S. 

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90.0
2.15 +2.45%
19 Dec 2014