FAST NEWS: CTG Duty Free replaces auditors
The latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced on Monday that it plans to appoint Ernst & Young Hua Ming and Ernst…
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CTG Duty Free delights shoppers with bargains, as its own costs run amok
Shares of China’s largest duty-free retailer have lost nearly half their value since late January as its profits sank, even after consumption rebounded in the first quarter Key Takeaways: CTG…
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FAST NEWS: CTG Duty Free Profit Tumbles on Covid Store Hit
The latest: Duty-free store operator China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) announced on Monday its revenue dropped 19.5% to 54.46 billion yuan ($8.03 billion) last year,…
Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again
Hong Kong is losing some of its luster as an IPO hub, hit by market worries about soaring inflation, rising interest rates, tumbling stock prices and China’s zero-Covid policy. Some…
CTG Duty Free Revives Hong Kong IPO Plan As Domestic Tourism Returns
The duty-free store operator has filed for an IPO in Hong Kong for a second time as the resumption of domestic tourism fuels sales of duty-free goods Key Takeaways: China…
