• Sat
  • Oct 25, 2014
  • Updated: 12:27am

China Travel International Investment Hong Kong

China Travel on spending spree in new game plan

China Travel International Investment Hong Kong says it will ramp up capital expenditure to HK$2.6 billion this year from HK$600 million as part of its new strategy to invest more in hotels and property.

Friday, 22 March, 2013, 4:19am

China Travel looks to acquire key Suzhou site

China Travel International Investment Hong Kong says it is in talks with the local government concerned to acquire a key tourist spot near Suzhou.

The net profit of the tourism conglomerate, which has interests ranging from travel agencies and tourist attractions to hotels and resorts in Hong Kong and the mainland, rose 348 per cent year on year to HK$695 million in 2011.

17 Mar 2012 - 12:00am

China Travel takes Net stake

China Travel International Investment has agreed to pay its parent $180 million for an 18 per cent interest in on-line travel services provider China Travel Net, which is intended to be listed on the Growth Enterprise Market.

23 Mar 2000 - 12:00am

CHINA Travel International

CHINA Travel International Investment Hong Kong is involved in freight-forwarding, express air-freight services and transport between the mainland and Hong Kong.

Last year, SBC Warburg put a sell on the stock, saying that because of poor investments and modest growth outlook, it would underperform the market.

7 Jun 1998 - 12:00am

China Travel views bonds issue

China Travel International Investment Hong Kong says it is considering issuing convertible bonds. No details or the size of the issue had yet been determined.

6 Oct 1997 - 12:00am

CTII plans $300m investment

China Travel International Investment (CTII) plans to invest more than $300 million to develop its newly acquired hotel site in Causeway Bay.

CTII yesterday announced it would acquire the hotel site from its parent - China Travel Service (Hong Kong) - for $540 million.

5 Sep 1997 - 12:00am

Bid to unload steel plant

China Travel International Investment Hong Kong (CTII) says it is in discussion with parent China Travel Service (Holdings) Hong Kong concerning a possible disposal of its interest in a steel plant in Hebei province to parent holdings. The plant - Tangshan Guofeng Steel - is a 51 per cent joint venture controlled by CTII.

8 Aug 1997 - 12:00am

China Travel arm considers bond issue

Red chip China Travel International Investment Hong Kong is considering a convertible bond issue to fund future acquisitions.

Executive director Michael Ng Chi-man yesterday said the company was negotiating to buy hotels from its parent, China Travel Service (Holdings) Hong Kong, and third parties.

31 Jul 1997 - 12:00am

China Travel group to pay $766m for power plant stake

China Travel International Investment Hong Kong (CTII) will spend about 826 million yuan (about HK$766.52 million) on a 15.3 per cent stake in a Shaanxi power plant.

The move is part of CTII's plan to move into the infrastructure industry.

25 May 1996 - 12:00am

CTI builds $1b war chest

CHINA Travel International Investment's (CTI) working capital will exceed $1 billion when an $800 million syndication loan is concluded this month, the company's financial controller says.

Michael Ng Chi-man said the huge working capital was a reserve for future development.

7 Mar 1996 - 12:00am

Travel group plans spending spree

TRAVEL and freight group China Travel International Investment Hong Kong (CTII) yesterday disclosed a $76 million shopping list to help boost its freight forwarding and transportation operation.

28 Apr 1994 - 12:00am

China Travel to maintain its money-making theme

WITH strong connections on the mainland and a sound balance sheet, China Travel International Investment looks poised to exploit Guangdong's burgeoning economy.

16 Jan 1994 - 12:00am