Market Chatter: CK Hutchison Lines Up Banks for A.S. Watson Listing

MT Newswires Live01-09

CK Hutchison (HKG:0001) has selected Goldman Sachs and UBS Group to advise on the planned initial public offering of its health and beauty retail arm A.S. Watson Group, Bloomberg News reported Friday, citing people familiar with the matter.

The conglomerate is working with the banks on a potential dual listing in Hong Kong and London, according to the report.

Bloomberg News has previously reported that the listing could take place this year and raise at least $2 billion.

The planning is still at an early stage, with the size and timing of the offering yet to be finalized, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment