BRIEF-China Tourism Group Duty Free's Unit To Buy DFS's Assets In Greater China

Reuters01-19

BRIEF-<a href="https://laohu8.com/S/CTGCY">China Tourism</a> Group Duty Free's Unit To Buy DFS's Assets In Greater China

Jan 19 (Reuters) - China Tourism Group Duty Free Corp Ltd 601888.SS:

SAYS UNIT SIGNED FRAMEWORK AGREEMENT TO BUY DFS' RETAIL BUSINESS-RELATED EQUITY AND ASSETS IN GREATER CHINA FOR UP TO $395 MILLION
SAYS AFTER ACQUISITION, IT WILL ISSUE UP TO 7.3 MILLION H-SHARES TO DELPHINE SAS, UP TO 4.6 MILLION H-SHARES TO SHOPPERS HOLDINGS HK AT HK$77.2 PER SHARE

Source text

Further company coverage: 601888.SS

(Reporting by Beijing Newsroom)

((yukun.zhang@thomsonreuters.com;))

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