Core Viewpoint - The company has acknowledged recent media reports regarding the potential independent listing of its global telecommunications assets and its health and beauty products business, as well as possible transactions involving its telecommunications assets in several European countries. The board has not made any decisions regarding these potential transactions as of the announcement date [1][5]. Group 1 - The company is exploring opportunities to enhance long-term shareholder value, which may include potential transactions related to its assets and businesses, including independent listings [1][5]. - As of the announcement date, the board has not made any decisions regarding transactions involving existing telecommunications or retail assets and businesses [1][5]. - Shareholders and potential investors are advised that it is currently uncertain whether any such transactions will occur [1][5]. Group 2 - The latest stock price of the company is reported at HKD 61.35 per share, with a total market capitalization of HKD 235 billion [3][7].

Group 1 - The core point of the article is that CK Hutchison Holdings is planning a dual listing for its subsidiary, Watsons Group, in Hong Kong and the UK in the first half of 2026, aiming to raise approximately $2 billion (about HKD 15.5 billion) [1][2] - If the IPO process goes smoothly, Watsons Group's valuation is expected to exceed $30 billion, making it one of the largest consumer retail IPOs in Hong Kong in recent years [1] - Watsons Group, founded in 1841 in Hong Kong, is a well-known international health and beauty retail group and has been a core retail business of CK Hutchison since its acquisition in 1981 [1][2] Group 2 - According to CK Hutchison's financial report for the first half of 2025, Watsons contributed total retail revenue of HKD 98.84 billion, a year-on-year increase of 8%, with EBITDA reaching HKD 7.974 billion, up 12% [2] - The total number of global stores reached 16,935, and the number of loyal members surpassed 175 million, with exclusive product sales accounting for 36% of total sales [2] - However, Watsons' business in China faced challenges, with total revenue declining by 3% and a net reduction of 145 stores, alongside a 1.0% decrease in same-store sales [2]