BUZZ-China Tourism Group's HK shares climb to over 2-year high on LVMH tie-up

Reuters
01/20
BUZZ-<a href="https://laohu8.com/S/CTGCY">China Tourism</a> Group's HK shares climb to over 2-year high on LVMH tie-up

** Hong Kong-listed shares of China Tourism Group Duty Free Corporation 1880.HK jump 12.1% to HK$97.95, their highest level since October 2023

** Stock on course for a second session of gains, if current momentum holds

** Co's Shanghai-listed stock 601888.SS climbs 1.6% to 99.81 yuan, its highest point since October 2023

** The Chinese duty free operator has agreed to buy DFS Cotai Limitada, which operates DFS travel retail stores in Hong Kong and Macau, from LVMH LVMH.PA and the Miller Family for up to $395 million

** China Tourism Group plans sale of an aggregate 11.97 million new H shares, or 0.57% stake, to LVMH's unit Delphine SAS and Miller Family's Shoppers Holdings for HK$924 million ($118.50 million)

** The Chinese firm has also entered into a memorandum of understanding with LVMH to set up a strategic cooperation in the retail sector and to forge collaborations in product sales, store establishment, brand promotion, cultural communication, travel services in Greater China

($1 = 7.7976 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10