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Supermarket chain Carrefour has denied that stores in Malaysia and Singapore will close following reports that it would shut down its operations in South East Asian markets.

KUALA LUMPUR — French supermarket giant Carrefour has denied that its stores in Malaysia and Singapore will close following reports that it would shut down its Southeast Asian outlets.
On Tuesday, produce industry website Fruit Net said the supermarket chain planned to sell its interests in Malaysia, Singapore and Thailand in a deal worth up to 1.0 billion dollars.
"Carrefour Malaysia and Singapore denies any store closure in Malaysia and in Singapore, reminding that it is business as usual for every store," the company said in a statement late Wednesday.

Source: http://www.google.com/hostednews/afp/article/ALeqM5jyosjYAnRjwZhXU6Bo_trV_ZOlXQ