People shop at Sanya International Duty-Free Shopping Complex in the Hainan provincial resort city of Sanya on August 6, 2020. Photo: Xinhua.
People shop at Sanya International Duty-Free Shopping Complex in the Hainan provincial resort city of Sanya on August 6, 2020. Photo: Xinhua.
IPO

China Tourism Group picks Hong Kong for US$2.5 billion IPO as the world’s largest duty-free retailer raises capital to expand

  • The world’s largest duty-free retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months
  • The company will start its public offering from Monday to Thursday, to be priced on August 18 before trading commences on August 25

People shop at Sanya International Duty-Free Shopping Complex in the Hainan provincial resort city of Sanya on August 6, 2020. Photo: Xinhua.
People shop at Sanya International Duty-Free Shopping Complex in the Hainan provincial resort city of Sanya on August 6, 2020. Photo: Xinhua.
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