temasek acquires near 25 stake of watson
Last Updated : GMT 22:47:28
Arab Today, arab today
Arab Today, arab today

Temasek acquires near 25% stake of Watson

Arab Today, arab today

Arab Today, arab today Temasek acquires near 25% stake of Watson

Singapore - XINHUA

Temasek Holding announced on Friday that it has agreed to invest 5.7 billion U.S. dollars to acquire 24.95 percent stake in A.S. Watson, an international health and beauty retailer under control by Li Ka-shing, one of the most famous tycoons in Asia. With this investment, subject to customary closing conditions, Temasek said it has increased its exposure to the consumer retail sector, with a balanced focus on a growing Asia and a recovering Europe. Hong Kong-listed Hutchison Whampoa, the parent company of A.S. Watson also said on Friday that the transaction is scheduled to be completed in this April. After that, the Hutchison Whampoa will have an equity interest of 75.05 percent and will retain control of A.S. Watson. A.S. Watson is the largest international health and beauty retailer with over 10,500 stores operating 14 retail brands in 25 markets worldwide. Its flagship brand Watsons operates over 4,000 stores and more than 900 pharmacies, including those in nine Asian markets, namely China's mainland, Hong Kong SAR, Macau SAR, China's Taiwan, Singapore, Thailand, Malaysia, the Philippines and Indonesia. "The consumer retail sector is a good proxy to growing middle income populations and transforming economies," said Chia Song Hwee, head of Investment Group and co-head for China in Temasek, in a statement on Friday. "This is very much part of our investment themes as we shape Temasek's portfolio for the long term. We continue to believe in the growth opportunities and long term prospects of Asia, particularly China, and a recovering Europe," he added. Li Ka-shing said it would be less likely to get Watson listed within the year. It could only be listed in Singapore or Hong Kong in two to three years. Hutchison Whampoa and Temasek have agreed to work together towards listing A.S. Watson "at a suitable time."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

temasek acquires near 25 stake of watson temasek acquires near 25 stake of watson

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

temasek acquires near 25 stake of watson temasek acquires near 25 stake of watson

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday