Thai supermarket chain Big C to enter Hong Kong next month, eyes dual listing, CEO says

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Big C Supercenter, the Thai supermarket chain owned by one of the richest families in the Southeast Asian nation, will enter Hong Kong next month and also seek a dual listing in the city and Thailand as early as the fourth quarter, according to a top executive.

The Bangkok-headquartered retailer has acquired grocery chain AbouThai, which operates 24 outlets in the city, and will rebrand them as Big C starting next month, Aswin Techajareonvikul, CEO and president of Big C Retail Corp, said in an exclusive interview with the Post on Monday.

Aswin also separately met Financial Secretary Paul Chan Mo-po and Hong Kong Exchanges and Clearing (HKEX) CEO Nicolas Aguzin to discuss the group’s listing plan during his visit. “We all believe in Hong Kong’s prospects and growth potential,” he said.

“Even though there were some challenges during Covid-19, Hong Kong can bounce back quickly. Hong Kong is a leading financial hub in Asia linking Southeast Asian markets with mainland China.”

Big C operates about 2,000 retail stores under the Big C Supercenter, Big C Market, Big C Foodplace and Mini Big C brands in its home market of Thailand, Laos, Cambodia and Vietnam. Source: SCMP

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