智通财经网·2026-01-15 12:51Core Viewpoint - CK Hutchison Holdings (长和) is seeking to spin off Watsons Group for a dual listing in Hong Kong and London, targeting a valuation of approximately $30 billion (around HKD 234 billion) [1] Group 1: IPO Plans - CK Hutchison has begun assessing investor interest for Watsons Group's initial public offering (IPO) and aims to complete the dual listing by mid-year, although the specific timeline is not finalized [1] - Last week, it was reported that CK Hutchison has selected Goldman Sachs and UBS to facilitate the IPO of Watsons Group [1] - In November of last year, market rumors indicated that CK Hutchison had initiated plans for the spin-off and dual listing of Watsons Group, with expected fundraising of up to $2 billion (approximately HKD 156 billion) [1] Group 2: Shareholding and Exit Strategy - Temasek, which holds a 25% stake in Watsons Group, is looking to exit its investment during the IPO phase [1] - CK Hutchison sold a 25% stake in Watsons Group to Singapore's sovereign wealth fund Temasek for $5.7 billion in 2014, with plans to list the retail division at an appropriate time, which has been delayed due to the pandemic and weak IPO market [1] - Currently, CK Hutchison retains approximately 75% ownership of Watsons Group [1]