Wai Kee denies to be required by New World Development

According to the rumors that New World Development (0017) intended to acquire 
Wai Kee Holdings (0610), Zen Wei Peu Derek, vice chairman of Wai Kee Holdings,
 said that the two companies had never talked about it and New World 
Development now held 16.7% shareholding of Wai Kee Holdings. Furthermore, he
 denied the privatizing intention of Wai Kee, but said the company did not rule
 out the possibility of selling its subsidiary assets if the price was

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