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Wesfarmers Ltd And Others Eye Bids For LI'S Hong Kong Supermarkets-Reuters

Thursday, 25 Jul 2013 01:51am EDT 

Reuters reported that Aeon Co Ltd and China Resources Enterprise Ltd are among the suitors considering bids for the Hong Kong supermarket business being sold by billionaire Li Ka-shing. Hutchison Whampoa Ltd conglomerate has set an August 16, 2013 deadline for initial bids for the business, with an asking price of up to $4 billion, said the people, who declined to be identified because the sale process is confidential. Woolworths Ltd and Wesfarmers Ltd and China's Sun Art Retail Group Ltd are among the other suitors evaluating bids. 

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