CK Hutchison Retail IPO Weighed as Li Ka-shing Family Reshapes Assets

CK Hutchison retail IPO plans are under consideration as the Li Ka-shing family weighs a series of transactions that could reshape the conglomerate ahead of a generational transition, according to reports.

The group is exploring an initial public offering of its A.S. Watson retail arm that could raise at least USD2bn, while also reviewing strategic options for its global telecommunications operations, including a potential listing or partial sale.

Separately, the company has held talks to sell 43 port assets for more than USD19bn in cash.

The Li family controls about 30% of CK Hutchison and is seeking to narrow the discount at which the shares trade to net asset value by separating operating units.

The proposed ports sale has faced political resistance from China and delays amid complex negotiations.