• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

China tourism group duty free makes trading debut stock exchange

China

The Matters Press by The Matters Press
August 25, 2022
Reading Time: 1 min read
0
Coronavirus hits hard as China records 811 deaths

China Tourism Group Duty Free Corporation, which operated mostly on duty-free shops in China on Thursday, made its trading debut on the Hong Kong Stock Exchange.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

This was after raising 16.2 billion Hong Kong dollars (about 2.1 billion dollars) of proceeds in the financial hub’s biggest listing so far this year.

The company, already listed on the Shanghai Stock Exchange, issued some 102.8 million shares and set its Hong Kong Initial Public Offering (IPO) price at 158 Hong Kong dollars (20.14 dollars) per share.

According to the company’s prospectus, nine cornerstone investors agree to subscribe to the offering.

Among them, China State-Owned Enterprise Mixed Ownership Reform Fund Co. Ltd took the lead with 150 million dollars, followed by 100 million dollars by cosmetics giant Amorepacific Corp of South Korea.

According to the prospectus, it was established in 1984 and after 40 years of development, the Beijing-based company has become the largest travel retail operator in the world primarily focusing on sales of high-quality duty-free and duty-paid merchandise.

The firm said its operating 193 stores, including 184 stores in 100 cities across 28 provinces, municipalities and autonomous regions in the Chinese mainland, and nine duty-free stores overseas.

The firm said it benefited from the favourable domestic duty-free policies, which led to increases in both revenue and net profit in 2020 and 2021 despite the impact of the COVID-19 pandemic.

The company reported a revenue of over 67.67 billion yuan (about 9.88 billion dollars) in 2021, up 28.67 per cent year on year.

Tags: ChinaTourism
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
PENCOM launches radio programme

PenCom lauds media for creating awareness on contributory pension

Nigeria regains top crude oil production spot in Africa

17 marginal oilfields currently producing in Nigeria – NUPRC

Recommended Stories

Gulf Brokers expands services to Nigeria

Gulf Brokers expands services to Nigeria

March 15, 2023

Abuja manholes pose danger

May 9, 2019
Free public transportation for retirees begins in Lagos

“I Am Alive” confirmation’’ of PTAD continues

February 1, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us