Thursday, November 26, 2015   

Watsons may move HQ out of HK: report
(02-06 12:14)

Hutchison Whampoa (0013) is reportedly considering moving the headquarters of its healthcare retail business, Watsons, from Hong Kong to Britain in order to carry out simultaneous initial public offerings for the company in both places.
A report by Britain's Sky News said if Watsons moved its headquarters to the country, it would stand a higher chance of being listed there.
It also said it may then consider asking former British trade minister Lord Davies or former HSBC chairman John Bond to become its chairman. The report added that Singapore also wanted Watsons to list in the city-state. --RTHK   
Other Business breaking news:
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Europe equities rally (11-25 21:16)
Hungary plans yuan bonds (11-25 21:05)
Singapore cuts growth forecast to 2pc (11-25 20:09)
Lufthansa cabin crew to continue job talks (11-25 17:24)
High-speed traders face registration rule (11-25 17:16)
Toyota Corollas and other models recalled for air bag defects (11-25 16:45)
Hang Seng closes lower, Shanghai gains (11-25 16:18)
US stocks rebound (11-25 11:16)
HK stocks lower, CKI and Power Assets shares dip (11-25 11:12)

More breaking news >>

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