Hong Kong's ParknShop draws bids from 8 suitors

China Resources Enterprise, one of eight companies to submit bids last week to buy Hutchison Whampoa's Hong Kong supermarket chain ParknShop, said Wednesday it may team with Tesco to buy the chain, which could be valued as high as $4 billion. Earlier this month, China Resources and Tesco said they would form a joint venture to run Tesco's 131 China stores.

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