CRE, Tesco may submit bid for HK retail chain
date:Aug 23, 2013
billion) last year, has more than 345 outlets in Hong Kong, Macao and the mainland.

Sales growth in the city's supermarket industry slowed to 7.9 percent year-on-year in May from last year's annual increase of 11 percent and a 2011 peak of 13 percent, government data showed.

Meanwhile, CRE's net income dropped 54 percent to HK$1.02 billion for the six months ended June from HK$2.24 billion in the same period last year, as weaker economic growth in the world's second-largest economy and a gove
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