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CKH Reportedly Taps G Sachs, UBS for A.S. Watson Group IPO
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CKH HOLDINGS (00001.HK) appointed Goldman Sachs and UBS to oversee the initial public offering (IPO) of its health and beauty retail business, A.S. Watson Group, Bloomberg reported, citing people familiar with the matter. The company is weighing a dual listing in Hong Kong and London, likely marking the first listing of a CKH series company in Hong Kong in over a decade. Earlier foreign reports suggested that A.S. Watson Group could complete its listing as early as this year, potentially raising over USD2 billion, equivalent to approximately HKD15.6 billion. However, details such as the timeline and scale are yet to be finalized. A.S. Watson Group currently operates 12 retail brands across 31 markets worldwide, with over 17,000 physical and online stores, according to its official website. AASTOCKS Financial News Website: www.aastocks.com |
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