HONG KONG, March 24 Shares of Hutchison Whampoa
slid 6 percent on Monday, their biggest drop in 2-1/2
years, after Singapore state investor Temasek Holdings
agreed to buy just under a quarter of its health and beauty
retailer for $5.7 billion.
Hutchison shares fell to as low as HK$100.6 ($12.97) after
billionaire Li Ka-shing, who controls Hutchison, said there
would be no listing of health and beauty retailer A.S. Watson
for two to three years.
Li had planned to float part of the retailer in an initial
public offering slated for this year.
($1 = 7.7588 Hong Kong Dollars)
(Reporting By Donny Kwok and Anne Marie Roantree; Editing by