China Tourism Group Duty Free Closes DFS Greater China Deal and Welcomes LVMH, Miller Family as Investors

Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialChina Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has shared an update. China Tourism Group Duty Free Corporation Limited has completed the acquisition of DFS Group’s Greater China retail business, excluding the DFS Hong Kong Canton Road (Sun Arcade) store, for an estimated consideration of about USD293.8 million, subject to closing adjustments. The transaction expands the company’s footprint in Greater China’s travel retail market and is expected to strengthen its competitive position in the regional duty-free and luxury retail segment. In tandem with the acquisition, the company has issued new H shares to Delphine SAS, an indirect wholly owned subsidiary of LVMH, and to Shoppers Holdings HK Limited, linked to the Miller Family, at HKD77.21 per share. These subscriptions, representing roughly 0.43% of the enlarged share capital, bring in strategic and financial investors while slightly diluting existing shareholders, and may deepen partnerships with global luxury stakeholders. The most recent analyst rating on (HK:1880) stock is a Hold with a HK$99.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page. More about China Tourism Group Duty Free Corporation Limited Class H China Tourism Group Duty Free Corporation Limited is a leading duty-free retail operator in China, focusing on travel retail and duty-free sales across Greater China. The company operates a portfolio of duty-free and travel retail outlets targeting domestic and international travelers, positioning itself as a key player in the regional luxury and travel retail market. Average Trading Volume: 3,914,101 Technical Sentiment Signal: Hold Current Market Cap: HK$166.8B For an in-depth examination of 1880 stock, go to TipRanks’ Overview page.