Praxis Precision Medicines general counsel sells $4.8m in shares
Investing.com -- Hong Kong conglomerate CK Hutchison is preparing for a dual listing of AS Watson Group, one of the world’s largest health and beauty retailers, in a move that could raise up to $2 billion.
The company is already laying the groundwork for initial public offerings in both Hong Kong and the United Kingdom, with the listings targeted for the first half of 2026, according to the Wall Street Journal.
CK Hutchison had previously postponed plans to list Watson due to the pandemic and subsequent weak investor appetite for new offerings over the past several years. The current upswing in market momentum has created a window of opportunity for the company to move forward with the listing plans.
AS Watson Group operates a global network of health and beauty retail stores. CK Hutchison shares rose 0.09% following the news.
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