China Travel International Sets Up JV in China to Advance Tourism Projects; Shares Jump 14%

MT Newswires Live05-18

China Travel International Investment Hong Kong (HKG:0308) said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.

The theme park operator's shares gained nearly 14% in Monday morning trade.

The firm set up China Travel (Mangya) Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism & Culture Development with a registered capital of 200 million yuan.

China Travel said it invested 102 million yuan in the venture for a 51% interest.

The newly invested tourism projects are due for completion and operation in 2028.

Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.

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/2636046686?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-18 11:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2636046686","market":"us","top_or_hot":-1,"title":"China Travel International Sets Up JV in China to Advance Tourism Projects; Shares Jump 14%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/CTVIF\">China Travel</a> International Investment Hong Kong (HKG:0308) said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.</p><p>The theme park operator's shares gained nearly 14% in Monday morning trade.</p><p>The firm set up China Travel (Mangya) Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism &amp; Culture Development with a registered capital of 200 million yuan.</p><p>China Travel said it invested 102 million yuan in the venture for a 51% interest.</p><p>The newly invested tourism projects are due for completion and operation in 2028.</p><p>Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.</p></body></html>","source":"mtnewswires_news","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 International Sets Up JV in China to Advance Tourism Projects; Shares Jump 14%</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 International Sets Up JV in China to Advance Tourism Projects; Shares Jump 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-05-18 11:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/CTVIF\">China Travel</a> International Investment Hong Kong (HKG:0308) said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.</p><p>The theme park operator's shares gained nearly 14% in Monday morning trade.</p><p>The firm set up China Travel (Mangya) Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism &amp; Culture Development with a registered capital of 200 million yuan.</p><p>China Travel said it invested 102 million yuan in the venture for a 51% interest.</p><p>The newly invested tourism projects are due for completion and operation in 2028.</p><p>Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1604","symbol_name":"节假日概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2636046686","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636046686","pubTimestamp":1779075649,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Travel International Investment Hong Kong  said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.The theme park operator's shares gained nearly 14% in Monday morning trade.The firm set up China Travel  Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism & Culture Development with a registered capital of 200 million yuan.China Travel said it invested 102 million yuan in the venture for a 51% interest.The newly invested tourism projects are due for completion and operation in 2028.Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel  Bingxue Sports Development.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1604":"节假日概念","00308":"香港中旅","BK1164":"酒店、度假村与豪华游轮"},"translate_title":"中旅国际在中国成立合资公司推进旅游项目；股价上涨14%","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00308":0.9},"content_text":"China Travel International Investment Hong Kong (HKG:0308) said it set up a joint venture with two Chinese mainland firms to develop the Heidushan Scenic Spot in Qinghai, according to a Hong Kong bourse filing Sunday.The theme park operator's shares gained nearly 14% in Monday morning trade.The firm set up China Travel (Mangya) Tourism Development with Mangya Tourism Investment Development and Mangya Guoqing Tourism & Culture Development with a registered capital of 200 million yuan.China Travel said it invested 102 million yuan in the venture for a 51% interest.The newly invested tourism projects are due for completion and operation in 2028.Meanwhile, the firm said it generated 170 million yuan in revenue and around 57 million yuan in operating profit during the first four months of 2026 from its previously completed acquisitions of Jilin Songhua Lake International Resorts and China Travel (Beijing) Bingxue Sports Development.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","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/2636046686","isCrawlerRequest":true}