New stock news | Longhu (00001.HK) plans to conduct a dual listing in both Hong Kong and London, with its retail giant Watsons, raising up to $2 billion.

According to the Zhikuang Financial APP, it has been reported by the media that CK Hutchison (00001.HK) is considering a dual listing for its subsidiary, the global largest health and beauty retailer Watsons, raising up to $2 billion. Sources revealed that the groundwork for listing Watsons Group in Hong Kong and the UK is currently underway, and the initial public offering (IPO) is planned for the first half of next year. It is understood that if the process goes smoothly, its valuation is expected to exceed $30 billion, making it one of the largest consumer retail IPOs on the Hong Kong stock market in recent years.