‘No ParknShop sale’: Li Ka-shing’s CK Hutchison rules out supermarket merger with Wellcome
CK Hutchison has confirmed that it will not proceed with a merger of its ParknShop supermarket chain with Wellcome. This decision comes amid ongoing speculation about potential consolidation in the supermarket sector. The company emphasized its commitment to maintaining its existing operations without any sale or merger.
- ▪CK Hutchison has ruled out a sale of its ParknShop supermarket chain.
- ▪The company stated it will not merge with Wellcome.
- ▪This announcement follows speculation about consolidation in the supermarket industry.
Opening excerpt (first ~120 words) tap to expand
.css-1e339y7{z-index:1400;}.css-1e339y7 .MuiDrawer-paper{overflow-y:hidden;}.css-1e339y7 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1h2k762{z-index:1200;z-index:1400;}.css-1h2k762 .MuiDrawer-paper{overflow-y:hidden;}.css-1h2k762 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1whztno{position:relative;}.css-1whztno:first-of-type .er6t7fe40>*:first-child{padding-block-start:0;}.css-ahnbry>*:first-child{padding-block:var(--mobile-widget-gap, 16px);}@media (min-width:768px){.css-ahnbry>*:first-child{padding-block:40px;}}.css-hhdj32{--content-tablet-up-max-inline-size:600px;--widget-extra-padding:12px;--mobile-widget-gap:16px;--desktop-widget-gap:18px;display:grid;grid:"header-container" min-content "leading" min-content "content-container" min-content "widgets-bottom"…
Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.