‘No ParknShop sale’: Li Ka-shing’s CK Hutchison rules out supermarket merger with Wellcome

CK Hutchison Holdings, one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator. “There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the company’s annual general meeting on Thursday. The group had been reported to be in talks with Jardine Matheson about...

Original source: South China Morning Post