China Travel completes second share placement

Following the success of an earlier placement in May, the parent of red chip China Travel International Investment launches a new deal.

Following the success of an earlier placement in May, the parent of red chip China Travel International Investment launches a new deal. 

With BNP Paribas Peregrine as lead manager, China Travel Services Hong Kong opened books for a 200 million share deal at Asia's close yesterday Monday. Pricing was completed after US books closed at 3am the following day, with a total of 220 million shares including greenshoe priced at HK$1.46 per share.

Raising HK$321.2...

To continue reading, please login or register for free

Click for more on: china | travel | completes | second | share | placement

Print Edition

FinanceAsia Print Edition

CONFERENCES