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CHINA TRAVEL HK Surges ~10% Against Mkt Trend on Proposed Distribution in Specie of Tourism Real Estate Biz at $0.336/ Shr
2025-10-13 10:07:51 CHINA TRAVEL HK (00308.HK) proposed a distribution in specie of the tourism real estate business, stimulating the Company's share price to open 6.5% higher at $1.63 today (13th), and peaking at $1.69 in the early session. It last printed at $1.68, rallying 9.8%, with a trading volume of 56.786 million shares, involving $93.727 million. CHINA TRAVEL HK announced the proposed distribution in specie of the tourism real estate business. Shareholders may either elect to obtain the shares of the private company per share held; or receive cash of $0.336 per share. The proposed distribution is expected to result in a loss of around $160 million, mainly due to reclassification of cumulative exchange differences related to the tourism real estate business. ~ AASTOCKS Financial News Website: www.aastocks.com | |