HONG KONG: China Tourism Group Duty Free Corp Ltd wants to raise up to $7 billion in a Hong Kong secondary offering, according to two individuals familiar with the situation. Because the material isn’t yet public, the people declined to be identified.
A request for comment on the deal’s amount was not returned by the Shanghai-listed company.
The company has filed a listing application with Hong Kong’s stock exchange. It would be the city’s largest listing in over two years, valued at $7 billion. (Hong Kong reporting by Scott Murdoch; Beijing reporting by Sophie Yu; editing by Christopher Cushing)
Reuters is the source of this information.
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