Singapore investment company Temasek holdings has agreed to acquire a 24.95% stake in health & beauty retailer A.S. Watson for $5.7 billion, according to a company announcement. The deal values A.S. Watson at $22.8 billion.  A.S. Watson is owned by Asia's richest man Li Ka-shing's Hong Kong-listed investment holding company, Hutchison Whampo. A.S. Watson will […]

Visit for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network