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CRE Expect Tesco Joint Venture Approval In May
date:Mar 24, 2014
CRE are extremely confident that the JV will be a success. When we bought Home World, they were also losing 600 million [yuan]. It took us two-and-a-half years to turn it into break even. Then in the fourth year, we made a profit. So you can see the synergy definitely will come, said Frank Lai.

CRE's business interests focus on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China. Its assets include a 51% share in CR Snow, the largest

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