CPF aims to divest business losses: HK affiliate to buy back China retailers. From: Bangkok Post (Bangkok, Thailand) | Date: March 27, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Walailak K.W. Maneerungsee

Mar. 27--Charoen Pokphand Foods Plc (CPF) will seek shareholder approval next month to divest its investments in the retail business in China after facing losses for a few years.

The company plans to sell off a 40 percent stake or 30 million shares in Lotus Supercentre in Guangzhou to Union Growth Investment, wholly owned by Chia Tai Enterprise International Ltd. Hong Kong-based Chia Tai is in turn controlled by CPF's parent,...

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