Temasek’s $3b stake sale in retailer A S Watson put on hold due to Brexit, HK turmoil

Temasek’s $3b stake sale in retailer A S Watson put on hold due to Brexit, HK turmoil

REUTERS/Edgar Su

Temasek Holdings Pte’s sale of a $3 billion stake in retailer A.S. Watson Group has been derailed under the twin pressures of Brexit and the anti-government protests rocking Hong Kong, people with knowledge of the matter said.