At the time, A.S. Watson’s owner said it planned to list the retailer in the next two to three years in Hong Kong and Singapore, pushing back an earlier 2014 target for an initial public offering.
HONG KONG (Jan 8): Singapore state investment firm Temasek Holdings is exploring options for its stake in global retailer A.S. Watson Group, including a partial sale, people with knowledge of the matter said.
Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest, according to the people, who asked not to be identified because the information is private. It bought the stake in A.S. Watson, which is a unit of Hong Kong tycoon Victor Li’s CK Hutchison Holdings Ltd., for HK$44 billion ($7.6 billion) in 2014.
