supermarkets

Tesco’s Thai property fund seeks to raise $245 million from its preferential offering, which it plans to invest in five additional shopping malls in Thailand.

Philippine supermarket operator Puregold Price Club is aiming to raise at least $177 million, while tea seller Tenfu and restaurant chain Xiao Nan Guo are in the market with slightly smaller deal sizes.

Philippine supermarket chain Puregold steals a pre-marketing lead on Hong Kong IPO rivals Sany Heavy Industry, XCMG Construction Machinery and Citic Securities, while the Indian government gets ready to sell down its stake in ONGC.

Chinese hypermarket and supermarket operator Times pockets $113 million for expansion, including the opening of 18 new stores.

The Chinese supermarket operator steps up to raise fresh equity capital after an earlier agreed deal with Wumart is cancelled.