HK loses another IPO as Temasek buys $5.7bn Watson’s stake
Singaporean sovereign investment firm Temasek has bought a 24.95% stake in AS Watson Holdings, the retail division of Hutchinson Whampoa, for HK$44bn ($5.7bn); pushing plans of a Hong Kong IPO off the table for now.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts