China Travel International Sets Up JV in China to Advance Tourism Projects; Shares Jump 14%

MT Newswires Live

05/18

China Travel International Investment Hong Kong (HKG:0308) said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.

The theme park operator's shares gained nearly 14% in Monday morning trade.

The firm set up China Travel (Mangya) Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism & Culture Development with a registered capital of 200 million yuan.

China Travel said it invested 102 million yuan in the venture for a 51% interest.

The newly invested tourism projects are due for completion and operation in 2028.

Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.

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Culture Development with a registered capital of 200 million yuan.</p><p>China Travel said it invested 102 million yuan in the venture for a 51% interest.</p><p>The newly invested tourism projects are due for completion and operation in 2028.</p><p>Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1604","symbol_name":"节假日概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2636046686","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636046686","pubTimestamp":1779075649,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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