HONG KONG: Billionaire Li Ka-shing’s Hutchison Whampoa Ltd said it’s scrapping a private sale of its ParknShop supermarket chain and is considering selling shares in its AS Watson Group retailing unit.
The decision followed a review by Goldman Sachs Group Inc and Bank of America Corp, Hutchison said in a statement on Friday. While it’s evaluating options for Watson including a public offering, the Hong Kong-based company won’t consider giving up control of the unit, according to the statement.
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