China Tourism Group Duty Free Renews Financial Services Agreement with CTG Finance

China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) just unveiled an announcement.

China Tourism Group Duty Free Corporation Limited has announced the renewal of its Financial Services Agreement with CTG Finance, set to take effect on June 9, 2025, following the expiration of the current agreement on June 8, 2025. This renewal aims to support the company’s operational and business development needs, reduce costs, and enhance capital efficiency. The agreement, which includes deposit, loan, and other financial services, is subject to approval by independent shareholders. The renewal reflects the company’s strategic efforts to maintain financial stability and operational efficiency in the competitive duty-free retail market.

More about China Tourism Group Duty Free Corporation Limited Class H

China Tourism Group Duty Free Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating in the duty-free retail industry. The company provides a range of financial services through its subsidiary, CTG Finance, including deposit, loan, settlement, and other financial services.

YTD Price Performance: -3.67%

Average Trading Volume: 4,469,566

Technical Sentiment Signal: Buy

Current Market Cap: HK$130.8B

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