China Resources Said to Weigh Sale of Beef Supplier Ng Fung Hong
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China Resources Enterprise Ltd., the state-backed retail and beer conglomerate, is evaluating options for its meat distribution unit in Hong Kong that could include a sale, said two people with knowledge of the matter.
China Resources may start a strategic review of the business as early as this year, said the people, who asked not to be identified because the information is private. The company took then Hong Kong-listed Ng Fung Hong Ltd. private in 2001 in a deal that valued it at HK$5.1 billion ($658 million).