Hutchison Whampoa denies it plans to quit Hong Kong amid speculation over possible ParknShop sale

Billionaire Li Ka-shing's conglomerate Hutchison Whampoa said yesterday it had no intention of withdrawing from Hong Kong, despite launching a review that could lead to the sale of its ParknShop supermarket chain.

It said a subsidiary, A.S. Watson & Co, was conducting a strategic study of the business "to optimise value for shareholders".

But it stressed that media rumours that it may be pulling out of the city were "groundless".

via Business feed http://www.scmp.com/business/companies/article/1287289/hutchison-whampoa-denies-it-plans-quit-hong-kong-amid-speculation