Zhi Tong Cai Jing·2025-11-24 02:36Group 1 - The core viewpoint of the article is that CK Hutchison Holdings (长和) is considering a dual listing for its Watsons business, potentially raising up to $2 billion [1] - The groundwork for the listing in Hong Kong and the UK is reportedly underway, with an IPO planned for the first half of next year [1] - If successful, the valuation of Watsons could exceed $30 billion, making it one of the largest consumer retail IPOs in Hong Kong in recent years [1] Group 2 - According to CK Hutchison's financial report for the first half of 2025, the retail segment, which includes Watsons, generated total revenue of HKD 98.84 billion, reflecting an 8% year-on-year growth [1] - Despite strong global performance, revenue in China for Watsons totaled HKD 6.666 billion, showing a decline of 3.1% year-on-year [1]