China Tourism Group Duty Free to offer 102 million shares in Hong Kong market

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China Tourism Group Duty Free to offer 102 million shares in Hong Kong market

On June 28, 2022, customers select cosmetics at a CDF duty-free store in Haikou, Hainan. PHOTO IC China Tourism Group Duty Free Corp will offer 102.76 million shares globally in its Hong Kong listing, with about 5.14 million shares offered in Hong Kong and 97.62 million worldwide, according to an announcement by the company.

The offer price will not be more than HK $165.50 $21.13 and is currently expected to be less than HK $143.50 per share.

The offer price will not be more than HK $165.50 $21.13 and is expected to be less than HK $143.50 per share. There are expected to be deals in the H Shares on the Hong Kong Stock Exchange on August 25.

As the largest travel retail operator in the world, China Tourism Group Duty Free has 193 stores in China, seven in Hong Kong and Macau SAR, Cambodia and two cruise duty-free stores.