China Tourism Group Duty Free (HKG:1880, SHA:601888) renewed its framework agreement with China Tourism Group, the company's controlling shareholder, according to a Hong Kong bourse filing on Tuesday.
The Chinese duty-free retailer's Hong Kong and Shanghai shares both rose around 1% during Wednesday's morning trade.
The deal, which is valid until Dec. 31, 2026, includes the purchase of certain comprehensive services and the leasing of properties owned by China Tourism Group.
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