Malaysia’s Parkson divests Singapore unit to Hong Kong subsidiary for $167m

Parkson is housed under the Lion Group, which is helmed by Malaysian tycoon William Cheng.

Retail group Parkson Holdings Bhd has entered an agreement to dispose a 67.6 per cent stake in its Singapore-listed Parkson Retail Asia Ltd to its Hong Kong unit Parkson Retail Group Limited, pocketing S$228.51 million ($167.2 million) from the exercise.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Should your colleagues be reading this article too? Contact us for corporate subscriptions at subs@dealstreetasia.com.