According to Apple Daily, Chow Tai Fook (owned by Cheng Yu-Tung) and Luk Fook (590) have decided not to bid for 3D-Gold Business. The main concern according to the report provided to potential buyers was that there wasn’t sufficient information in 3D-Gold’s most profitable business segment — its mainland wholesale unit.
Furthermore, Chow Tai Fook probably didn’t have much appetite to take up another acquisition. They have bought the mainland operation of Peace Mark (307) already.
