date:Aug 09, 2013
Wal-Mart Stores Inc is planning to bid for Hong Kong-based supermarket chain ParknShop, which has been put on the block by its owner A S Watson Co, a firm controlled by Asia's richest man Li Ka-shing.
Wal-Mart, the world's largest retailer, is working with a bank as it weighs its options for ParknShop ahead of next week's preliminary bid deadline, Reuters yesterday reported, citing people familiar with the matter.
In late July, Hutchison Whampoa Ltd, the investment holding company controlled