CRE pulls back from ParknShop race

China Resources Enterprise pulls back after being uncomfortable on price, according to a source, although it is possible the state-backed company may re-join the process at a later stage.

ParknShop is mainly a Hong Kong business but it also has a presence on the mainland, where operates about 65 stores.

Denise Wee

October 08, 2013

State-backed China Resources Enterprise has pulled back on its ParknShop bid, according to a source familiar with the matter.

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