China Tourism Group Duty Free (HKG:1880) won a bid to operate duty-free stores at Shanghai's international airports, according to a Hong Kong bourse filing Wednesday.
Shares of the duty-free operator fell over 3% in morning trade Thursday.
The company was notified of a successful bid from Shanghai International Airport for the relevant duty-free stores projects at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport, it said.
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