China Travel Boosts Fleet with New Bus Acquisition

China Travel International Investment Hong Kong (HK:0308) has released an update.

China Travel International Investment Hong Kong has recently expanded its fleet with the acquisition of seven second-hand tour buses, valued at a total of HK$9,980,000. The buses, all equipped with PSL certificates, were purchased from CITS, a connected party due to common ownership under CTG. This transaction is notable for adhering to the reporting and annual review requirements, yet it does not necessitate independent shareholder approval.

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