SEHK:1Industrials
CK Hutchison (SEHK:1) Is Up 5.9% After Advancing A.S. Watson’s Dual Hong Kong–London IPO Plan
CK Hutchison Holdings has moved ahead with plans to list its retail arm A.S. Watson Group in a dual IPO in Hong Kong and London, reportedly seeking a valuation of about US$30.00 billion with banks including Goldman Sachs and UBS advising and Temasek preparing to exit its 25% stake.
This planned spin-off is intended to let investors assess A.S. Watson’s retail operations independently, potentially reshaping how the market views CK Hutchison’s diversified portfolio and capital allocation...