Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CKH Reportedly Planning Spin-off of AS Watson Group for Dual Listing in HK & UK, Raising ~$15.6B
Recommend 12 Positive 27 Negative 8 |
||||
|
||||
|
CKH HOLDINGS (00001.HK) is planning to spin off its AS Watson Group for a dual listing in both Hong Kong and the UK, eyeing to raise up to USD2 billion, equivalent to approximately HKD15.6 billion, with the IPO expected to launch in the first half of next year, the Wall Street Journal reported, citing sources. A CKH spokesperson stated that they will not comment on any market rumors or speculation. CKH had previously put off AS Watson Group's listing plans due to the pandemic and weak investor appetite for new offerings over the past several years, report told. However, the revitalized activity in the IPO market now presents an opportunity for AS Watson Group's listing. In 2014, Singapore state investment firm Temasek acquired a stake in AS Watson Group. CKH's latest afternoon trading price was HKD53.45, flat, with a trading volume of 6.5923 million shares, involving HKD350 million. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
