CTG DUTY-FREE successfully completes its listing in Hong Kong
2022-08-26
On August 25, 2022, China Tourism Group Duty Free Corporation Limited (“CTG DUTY-FREE”) (601888.SH) (01880.HK) successfully completed its listing on the Main Board of the Stock Exchange of Hong Kong. The listing was the largest IPO in Hong Kong since June 2021, with 102.7619 million H shares (before the exercise of over-allotment option) offered globally at an issue price of HK$158 per share, raising total proceeds of approximately HK$16.236 billion.
Established in 1984, CTG DUTY-FREE has become the world's largest travel retail operator after nearly 40 years of development
For this IPO, CICC and UBS acted as joint sponsors; KPMG acted as auditors; Haiwen & Partners and Linklaters acted as the issuer's China and Hong Kong legal advisors respectively; Jia Yuan Law Offices and Freshfields Bruckhaus Deringer acted as the sponsors' China and Hong Kong legal advisors respectively.
