• Like
  • Comment
  • Favorite

CTG DUTY-FREE (01880) Wholly-Owned Subsidiary Wins Beijing Capital International Airport Duty-Free Project Lot 01

Stock News12-28 19:30

On December 26, 2025, CTG DUTY-FREE (01880) announced that it received a "Notice of Winning the Bid" from China International Tendering Co., Ltd., confirming its wholly-owned subsidiary, China Duty Free Group Co., Ltd., as the successful bidder for Lot 01 of the Beijing Capital International Airport duty-free project. The winning bid amounts to a first-year guaranteed operating fee of RMB 480 million and a first-year sales royalty rate of 5%. The operating period will run from the contract's specified start date until February 10, 2034, which is a term not exceeding eight years.

Following the formal signing of the aforementioned project, the company's channel advantages in domestic core airports will be further enhanced. This development is poised to better cater to the multi-level and diverse shopping needs of inbound and outbound travelers, elevate the diversified duty-free shopping experience, and consequently drive the high-quality development of airport duty-free operations.

The successful implementation of this project is expected to exert a positive influence on the company's future operating performance and business growth.

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.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24