A mainland subsidiary of red chip China Travel International Investment (CTII) and a state-owned sports tour company have secured the rights to sell 10,500 tickets to the soccer world cup in Japan and South Korea. The tickets, allocated by the Federation Internationale de Football Association (Fifa), represent 8 per cent of the total number of tickets for China's matches against Costa Rica, Brazil and Turkey. The tickets will be sold as part of a packaged tour conducted by CTII subsidiary China Travel International and government-backed China International Sport Tours. Each buyer of a tour will receive a ticket to one match. CTII managing director Shen Zhuying estimated the tour could bring in several tens of million yuan in revenue. The price for the tour is yet to be fixed. The two travel agencies will organise the national team supporters into cheer leader teams. Mr Shen said about 4,000 people had signed up for the tour within days of the tickets being offered. He said the tour organisers would try to obtain more tickets from Fifa because of the demand. Fifa had allocated 50 per cent of world cup tickets to the host countries and 8 per cent to each of the other countries sending teams to play in the matches, Mr Shen said. The world cup package tour could prove a windfall to the fledgling China Travel International, the first wholly foreign-owned travel agency to receive a licence to conduct inbound and outbound tours for mainland Chinese. Beijing-based China Travel International was set up by CTII as a wholly owned subsidiary at the end of last year. The subsidiary will acquire other domestic travel agencies and form the core of a future A-share listing vehicle for CTII's mainland operations, according to Mr Shen. 'We will form a shareholding company as a listing vehicle to hold the acquired travel agencies and aim to float it on the mainland stock market in about three years,' Mr Shen said. CTII is seeking to buy controlling stakes in agencies of the mainland-based China Travel Service Group, mainly in such mature tourist markets as Guangdong, Shanghai, Beijing, Fujian, Hainan, Xian and Sichuan.