New stock news | CKH Holdings (00001) responds to rumors of "planned spin-off of business for listing in Hong Kong and England": no decision has been made.

Recently, there have been reports in the media that CKH HOLDINGS (00001) is considering splitting its global telecommunications business covering Europe, Hong Kong, and Southeast Asia as early as the third quarter and listing it in Hong Kong and London. Goldman Sachs, Citigroup, and Deutsche Bank are cooperating with CKH HOLDINGS on the spin-off listing. In response, CKH HOLDINGS stated in a public announcement that no decision has been made regarding the existing telecommunications or retail assets and operations, including an independent listing. CKH HOLDINGS stated that there have been recent media reports involving the group's global telecommunications assets and operations, as well as healthcare and beauty product businesses, potentially being independently listed. There have also been reports involving possible transactions of telecommunications assets in several European countries. In response, CKH HOLDINGS stated that they have received suggestions to explore and evaluate opportunities to enhance long-term shareholder value, including possible transactions related to the group's assets and operations, including the independent listing of businesses. However, it is currently uncertain whether any of the above transactions will be pursued. According to previous media reports, CKH HOLDINGS is considering London as the primary listing location for its global telecommunications business, with Hong Kong as a secondary listing location. The estimated valuation of the related business is around $20 billion, and it is expected that after the listing of the global telecommunications business, it could quickly be included in the FTSE 100 index in London. However, other sources have indicated that CKH HOLDINGS is still evaluating the merger of the Italian telecommunications division Wind Tre with the Italian operations of French telecommunications company Iliad, a transaction that could potentially lead CKH HOLDINGS to suspend its plans to split and list its global telecommunications business. Reports suggest that there are differing views within CKH HOLDINGS regarding the future direction of the global telecommunications business, and a decision may be made in the coming weeks.