CK Hutchison says no decision on A.S. Watson listing
CK Hutchison clarified on Thursday that no decision has been made on a potential separate listing of its retail business, A.S. Watson, responding to media reports suggesting plans had been paused.
Hong Kong conglomerate CK Hutchison (0001) said on Thursday it had not made any decision on a potential separate listing of its retail business, A.S. Watson, seeking to clarify market speculation that plans for the spinoff had been paused.
The company said its board had noted recent media reports of a pause in a proposed separate listing of the retail unit. In a statement, CK Hutchison emphasised that no decision had been taken regarding any listing of A.S. Watson.
The clarification comes amid widespread market speculation about the future of the retail chain, which operates thousands of stores across Asia and Europe. A.S. Watson is one of the largest health and beauty retail chains in the world.
CK Hutchison, controlled by billionaire Li Ka-shing, has previously explored options to unlock value from its retail arm. However, the company has consistently declined to confirm or deny specific plans, citing commercial sensitivities.
Analysts have noted that a listing of A.S. Watson could potentially raise several billion US dollars, given the chain's extensive footprint and strong brand recognition. The retail business has been a key part of CK Hutchison's diverse portfolio, which also includes ports, telecommunications, and property investments.
Market observers will continue to watch for any further announcements from the conglomerate regarding the future of A.S. Watson. For now, CK Hutchison has made clear that no definitive decision has been reached on any listing proposal.