CK Hutchison has ruled out any sale of its ParknShop supermarket chain or a merger with rival Wellcome. Group co-managing director Dominic Lai made the statement during the company's annual general meeting.
Dominic Lai, group co-managing director of CK Hutchison, told shareholders there is really no such plan to sell ParknShop. He spoke at the firm's annual general meeting held on Thursday.
Lai praised ParknShop employees for their efforts in a tough market. Staff have increased global sourcing, including from mainland China, and provided discounts to deliver value to customers.
Wellcome runs more than 320 stores in Hong Kong under brands such as Market Place, 3hreesixty and Oliver's. ParknShop operates over 240 outlets including Fusion, Taste and Great Food Hall.
