CTG DUTY-FREE Shares Climb Over 3% Intraday Following Acquisition of DFS Macau Operations

Deep News03-20

CTG DUTY-FREE (01880) saw its shares rise more than 3% during the trading session. At the time of writing, the stock was up 1.83%, trading at HK$69.55 with a turnover of HK$31.40132 million.

On March 19, CTG DUTY-FREE announced that on January 19, 2026, CTG International Limited (the buyer, an indirect wholly-owned subsidiary of the company) entered into a framework agreement with DFS Venture Singapore (Pte) Limited ("DFS Singapore") and DFS Group Limited ("DFS Hong Kong", collectively referred to as the "sellers", both ultimately owned by LVMH and the Ma family). Pursuant to this agreement, the sellers agreed to sell, and the buyer agreed to purchase, the entire issued share capital of the target company, DFS Cotai Limitada (the "share acquisition"). Furthermore, DFS Hong Kong agreed to sell, and the buyer agreed to purchase via an asset transfer, the business (the "asset acquisition", collectively with the share acquisition referred to as as "the acquisitions").

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