Caixin
Aug 10, 2022 08:19 PM
BUSINESS

China’s Duty-Free Giant Readies Jumbo Hong Kong IPO

Photo: VCG
Photo: VCG

China’s largest duty-free retailer has got the go ahead to list on Hong Kong’s stock exchange, clearing the way for its second attempt at an IPO that could be worth billions.

China Tourism Group Duty Free Corp. Ltd. (CTGDF) (601888.SH) filed updated IPO paperwork with the Hong Kong Stock Exchange on Tuesday, after getting approval from the bourse. The next step for the company will be to market its shares to international investors.

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