CKH Holdings is rumored to spin off Watsons for a dual listing in Hong Kong and the UK, with a valuation potentially reaching HKD 234 billion, as Temasek seeks an exit
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CKH Holdings' subsidiary Watsons Group plans to conduct a dual listing in Hong Kong and the UK, with a valuation potentially reaching USD 30 billion (approximately HKD 234 billion), expected to be completed as early as the second quarter. Singapore's sovereign wealth fund Temasek will take this opportunity to exit its 25% stake. CKH Holdings has hired Goldman Sachs and UBS to assess investor interest and aims to complete the listing by mid this year
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