China Tourism Group Duty Free Corporation Limited Class H (HK:1880) has released an update.
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China Tourism Group Duty Free Corporation Limited has entered into a 2025 Framework Agreement with its controlling shareholder, CTG, to facilitate the exchange of services and property leases necessary for their operations. The agreement, which spans one year starting January 1, 2025, involves purchasing and providing comprehensive services as well as leasing properties between the two entities. This strategic move aims to support the company’s daily operations and growth while complying with Hong Kong’s connected transaction rules.
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