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Parknshop is Going for Sale

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Parknshop, one of biggest supermarket chains in Hong Kong is up for sale. The company is currently owned by Li ka-shing, the richest man in Asia. Frenzy has developed among many potential suitors. Bids for the company are approaching close to $4 billion. The acquisition would be a great source of presents in the growing Asian market. According to Alexander C. Kaufman of the Internal Business Times, ten companies are in the running to acquire the supermarket chain. Here is the list:


1. KKR & Co. L.P. (NYSE: KKR)

2. TPG Capital, L.P.

3. China Resources Enterprise, Ltd. (HKG: 0291)

4. Sun Art Retail Group Ltd. (HKG: 6808)

5. Woolsworths Ltd. (ASX:WOW)

6. Wesfarmers Ltd. (ASX:WES)

7. Tesco (Lon: TSCO)

8. Lotte Shopping Company Limited (KRX: 02350)

9. Aeon Co., Ltd. (TYO: 8267)

10. Wal-Mart Stores Inc. (NYSE: WMT)

Checkout the full article here: Article