Tu Yi Holding Co., Ltd. (HK:1701) has released an update.
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Tu Yi Holding Co., Ltd. has announced a strategic reallocation of its unutilized funds, originally set aside for acquiring a hospitality asset in Kyoto, to now boost its tour bus capacity in Japan due to a significant increase in day tour revenues. The decision, which involves approximately HK$17.6 million, reflects the company’s response to anticipate further revenue growth by meeting rising demand for day tours. The board believes this reallocation will enhance the Group’s profitability and serve the interests of its shareholders.
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