CKH HOLDINGS (00001) surged more than 3% intraday, and as of press time, it was up 2.25% at HK$54.65, with a turnover of HK$285 million. According to media reports citing sources familiar with the matter, CKH HOLDINGS is considering a dual listing for its subsidiary Watson's Group, potentially raising up to US$2 billion. Insiders revealed that preparatory work for Watson's Group's listing in Hong Kong and the UK is already underway, with an initial public offering (IPO) planned for the first half of next year. If the process proceeds smoothly, Watson's valuation could exceed US$30 billion, making it one of the largest consumer retail IPOs in Hong Kong in recent years. CKH HOLDINGS' financial report for the first half of 2025 showed that the retail division, which includes Watson's Group, reported total revenue of HK$98.84 billion, up 8% year-on-year. Despite strong global performance, revenue in China declined 3.1% to HK$6.666 billion.
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