CTG DUTY-FREE (01880.HK) +0.100 (+0.150%) Short selling $3.82M; Ratio 15.531% announced the acquisition of DFS' Greater China retail business for no more than US$395 million, including nine travel retail stores in Hong Kong and Macau, as well as intangible assets, Citi Research issued a research report saying. Meanwhile, the Company will issue up to approx. 11.9675 million new H shares at a price of $77 per share to LVMH's Delphine SAS and Shoppers under the Miller Family, the co-founder of DFS, accounting for about 0.57% of its total share capital, raising net proceeds of no more than $924 million.Related News CICC Cuts China Tourism Group Duty Free (01880.HK) TP to HKD95; 4Q Last Year Results In LineThe broker believed that this move is strategically significant for CTG DUTY-FREE, as it helps further consolidate its market leadership in the Greater China region, enhance retail capabilities, and promote China-chic brands globally, while having limited short-term financial impact.Therefore, Citi Research kept rating at Buy, with target prices of $100/ RMB106 for CTG DUTY-FREE's H-/ A-shares, anticipating strong duty-free sales in Hainan to be a short-term catalyst.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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