HONG KONG :China Tourism Group Duty Free Corp is aiming to raise $2.16 billion by selling 102.76 million shares starting on Friday, according to a term sheet reviewed by Reuters, in what will be the largest Hong Kong listing in 2022.China Tourism did not immediately respond to a request for comment from Reuters.
The price range represents a 29.3 per cent to 38.7 per cent discount to the stock's 201.19 yuan closing price on Thursday in Shanghai. China Tourism's Shanghai listed shares closed at 201.19 yuan on Thursday, up 2.64 per cent. The stock has recovered most of the territory lost when lockdowns across Hainan began to be ordered last week. Its shares though are down 8.3 per cent year to date.
Source: Holiday News (holidaynews.net)
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