18 April 2019

CR Enterprise denies Ng Fung Hong sale plan, paper says

China Resources Enterprise Ltd. (00291.HK) has denied it is selling Ng Fung Hong Ltd., a Hong Kong-based supplier of fresh, live and frozen foodstuff, the Hong Kong Economic Times reported Wednesday, citing chairman Chen Long. There are no plans for a restructuring, asset sale or separate listing, Chen was quoted as saying. Ng Fung Hong is the exclusive importer of live cattle to Hong Kong. The Hong Kong government may be planning to open the market to more operators, the report said.

– Contact HKEJ at [email protected]



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