Hutchison’s Watsons IPO to allow Li Ka-shing to expand in China

Hong Kong tycoon Li Ka-shing is expected to use proceeds from what could be the world’s biggest retail sector IPO to expand his health and beauty business in China - a market forecast to grow by around 40 per cent to US$186 billion (HK$1.44 trillion) by 2015.

via Business feed http://www.scmp.com/business/companies/article/1337859/hutchisons-watsons-ipo-allow-li-ka-shing-expand-china