Guangnan (KK) Supermarket, a subsidiary of food distributor Guangnan (Holdings), is to spend $20 million on 10 supermarkets this year, increasing its chain to 45 stores. KK director general manager Yeung Wing-tung said the investment would be financed primarily from internal resources with the balance coming from bank loans. The director general manager said the new supermarkets would be built around new towns and would offer customers larger fresh-food counters. The effect on the company's total sales of a price war last month between supermarkets Wellcome and Park'N Shop had been less than expected. 'Our original estimation was a 10 per cent decrease in total sales during that period, but it turned out that the impact was just a 5 per cent to 8 per cent decrease,' Mr Yeung said.