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China Travel International Investment Hong Kong ( (HK:0308) ) has provided an update.
China Travel International Investment Hong Kong has announced a strategic move to distribute its tourism real estate business to shareholders, allowing them to either receive shares in a newly formed private company or opt for a cash alternative. This decision is part of the company’s plan to enhance profitability by concentrating on its core business, while providing shareholders with an opportunity to realize their investments and reduce exposure to risks associated with the tourism real estate sector.
The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.
More about China Travel International Investment Hong Kong
China Travel International Investment Hong Kong is a company focused on the tourism industry, aiming to become a first-class tourism destination investor and operator. The company is involved in tourism real estate and other related business segments.
YTD Price Performance: 53.00%
Average Trading Volume: 87,015,848
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.47B
See more data about 0308 stock on TipRanks’ Stock Analysis page.