Top Duty-Free Retailer Files For Largest Hong Kong IPO in 2022 as China Stocks Prepare Exit From US-钛媒体官方网站


Source: tmtpost.com tmtpost.com

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BEIJING, August 12 (TMTPOST)— China Tourism Group Duty Free Corp. (CDFG), the world’s largest duty-free retailer, confirmed the rumor earlier this month about its mega Hong Kong listing in a challenging time that U.S.- listed Chinese companies are considering responses including exits to ongoing regulatory spat over audits. Source: Visual China CDFG is planning to sell 102.8 million Hong Kong shares with a proposed price range of HK$143.50 to HK$165.50 per share, according to a filling on Friday. The company disclosed its deal was backed by nine cornerstone investors and the shares are scheduled to be traded on August 25....