China Tourism Group, which has big business in Hainan, has priced its Hong Kong IPO. Photo: Xinhua
China Tourism Group, which has big business in Hainan, has priced its Hong Kong IPO. Photo: Xinhua

China Tourism Group Duty Free prices IPO at HK$158, raising US$2.1 billion in Hong Kong’s biggest deal this year

  • China Tourism Group Duty Free has priced its IPO at HK$158 a share, raising US$2.1 billion of proceeds, according to a person familiar
  • The price is a 28 per cent discount to its A share closing price in Shanghai on Thursday

China Tourism Group, which has big business in Hainan, has priced its Hong Kong IPO. Photo: Xinhua
China Tourism Group, which has big business in Hainan, has priced its Hong Kong IPO. Photo: Xinhua
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