ParknShop auction stirs debate in Hong Kong

Although it may not be the biggest deal to hit the region this year, the sale of the supermarket chain by Li Ka-shing has provoked discussion on the role of tycoons in the city and also on food safety.

The auction for ParknShop comes amid political and public pressure on tycoons, a new anti-competition law and the entry of mainland-Chinese state-owned enterprises.

Siting Wang

August 29, 2013

The auction for ParknShop, Hong Kong’s largest supermarket by market share, is gathering pace.

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