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CKH Aims for A.S. Watson's Listing in HK, London by 2Q w/ USD30B Valuation: Wire
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CKH HOLDINGS (00001.HK) is seeking to arrange for its retail subsidiary, A.S. Watson Group, to be listed in Hong Kong and London, with the completion as soon as the second quarter, Reuters reported, citing two people with the knowledge of the matter. The target IPO valuation is USD30 billion (approximately HKD234 billion). CKH has started gauging investor appetite in A.S. Watson Group's IPO, endeavoring to complete the dual listing by mid-year, although the specific timetable has not been finalized, the report cited people familiar with the matter. CKH has reportedly picked UBS and Goldman Sachs to arrange A.S. Watson Group's IPO in Hong Kong and London. Singapore's Temasek, which holds a 25% stake in A.S. Watson Group, is pursuing to exit its investment during the IPO phase, sources divulged. AASTOCKS Financial News Website: www.aastocks.com |
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