date:Aug 23, 2013
t Retail Group Ltd, Japan's Aeon Co, South Korea's Lotte Shopping Co and Australian retailers Woolworths Ltd and Wesfarmers Ltd have also submitted bids.
Earlier this month, CRE announced a joint venture with Tesco that will see the UK company merge its 131 stores on the mainland with those of the Hong Kong-listed company. CRE will hold an 80 percent stake in the joint venture, while the UK retailer will own the rest, the companies said.
ParknShop, which posted revenue of HK$21.7 billion ($2.8