China Travel (Stock Code: 308) Announces EGM Poll Results on Capital Reduction and Distribution

Bulletin Express11-14

On 14 November 2025, China Travel International Investment Hong Kong Limited (Stock Code: 308) held an Extraordinary General Meeting (EGM) at which shareholders voted on one special resolution and two ordinary resolutions. According to the announcement, the special resolution concerning a proposed HK$8.5 billion capital reduction—from HK$9,222,295,000 to HK$722,295,000—achieved over 75% approval, thus passing successfully. The board indicated that no shares would be canceled or extinguished in the process, and the credit would be transferred to retained profits.

Shareholders also approved the ordinary resolutions relating to a proposed distribution, which includes a distribution in specie and a cash alternative of HK$0.336 per share, as well as approval for a possible transaction. The announcement shows that both resolutions gained more than 50% support. CTS (Holdings) and its associates, holding approximately 61.15% of the Company’s shares, abstained from voting on the possible transaction resolution due to their interests in the matter.

As of the EGM date, 5,536,633,709 shares were in issue. Tricor Investor Services Limited served as the scrutineer for vote-taking. All attending directors voted or were accounted for, with only two unable to participate due to other commitments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1132278273?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-14 19:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1132278273","market":"us","top_or_hot":-1,"title":"China Travel (Stock Code: 308) Announces EGM Poll Results on Capital Reduction and Distribution","media":"Bulletin Express","content":"<p>On 14 November 2025, China Travel International Investment Hong Kong Limited (Stock Code: 308) held an Extraordinary General Meeting (EGM) at which shareholders voted on one special resolution and two ordinary resolutions. According to the announcement, the special resolution concerning a proposed HK$8.5 billion capital reduction—from HK$9,222,295,000 to HK$722,295,000—achieved over 75% approval, thus passing successfully. The board indicated that no shares would be canceled or extinguished in the process, and the credit would be transferred to retained profits.</p>\n<p>Shareholders also approved the ordinary resolutions relating to a proposed distribution, which includes a distribution in specie and a cash alternative of HK$0.336 per share, as well as approval for a possible transaction. The announcement shows that both resolutions gained more than 50% support. CTS (Holdings) and its associates, holding approximately 61.15% of the Company’s shares, abstained from voting on the possible transaction resolution due to their interests in the matter.</p>\n<p>As of the EGM date, 5,536,633,709 shares were in issue. Tricor Investor Services Limited served as the scrutineer for vote-taking. All attending directors voted or were accounted for, with only two unable to participate due to other commitments.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Travel (Stock Code: 308) Announces EGM Poll Results on Capital Reduction and Distribution</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Travel (Stock Code: 308) Announces EGM Poll Results on Capital Reduction and Distribution\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2025-11-14 19:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On 14 November 2025, China Travel International Investment Hong Kong Limited (Stock Code: 308) held an Extraordinary General Meeting (EGM) at which shareholders voted on one special resolution and two ordinary resolutions. According to the announcement, the special resolution concerning a proposed HK$8.5 billion capital reduction—from HK$9,222,295,000 to HK$722,295,000—achieved over 75% approval, thus passing successfully. The board indicated that no shares would be canceled or extinguished in the process, and the credit would be transferred to retained profits.</p>\n<p>Shareholders also approved the ordinary resolutions relating to a proposed distribution, which includes a distribution in specie and a cash alternative of HK$0.336 per share, as well as approval for a possible transaction. The announcement shows that both resolutions gained more than 50% support. CTS (Holdings) and its associates, holding approximately 61.15% of the Company’s shares, abstained from voting on the possible transaction resolution due to their interests in the matter.</p>\n<p>As of the EGM date, 5,536,633,709 shares were in issue. Tricor Investor Services Limited served as the scrutineer for vote-taking. All attending directors voted or were accounted for, with only two unable to participate due to other commitments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00308","symbol_name":"香港中旅","start_time":0,"source_url":"","article_id":"1132278273","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132278273","pubTimestamp":1763119475,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"On 14 November 2025, China Travel International Investment Hong Kong Limited (Stock Code: 308) held an Extraordinary General Meeting (EGM) at which shareholders voted on one special resolution and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00308":"香港中旅"},"translate_title":"中国旅游（股份代号：308）公布股东特别大会减资及分派投票表决结果","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00308":1},"content_text":"On 14 November 2025, China Travel International Investment Hong Kong Limited (Stock Code: 308) held an Extraordinary General Meeting (EGM) at which shareholders voted on one special resolution and two ordinary resolutions. According to the announcement, the special resolution concerning a proposed HK$8.5 billion capital reduction—from HK$9,222,295,000 to HK$722,295,000—achieved over 75% approval, thus passing successfully. The board indicated that no shares would be canceled or extinguished in the process, and the credit would be transferred to retained profits.\nShareholders also approved the ordinary resolutions relating to a proposed distribution, which includes a distribution in specie and a cash alternative of HK$0.336 per share, as well as approval for a possible transaction. The announcement shows that both resolutions gained more than 50% support. CTS (Holdings) and its associates, holding approximately 61.15% of the Company’s shares, abstained from voting on the possible transaction resolution due to their interests in the matter.\nAs of the EGM date, 5,536,633,709 shares were in issue. Tricor Investor Services Limited served as the scrutineer for vote-taking. All attending directors voted or were accounted for, with only two unable to participate due to other commitments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132278273","isCrawlerRequest":true}