NBD AI Bulletin - China Tourism Group Duty Free Corporation Limited (the Company, SH 601888, close price: 228 yuan) announced on December 14 that in order to further promote the development of the duty-free business, improve the competitiveness, and resolve the horizontal competition with the Company's controlling shareholder China Tourism Group, the Company plans to acquire a 100% stake in China CTS Asset Management Corporation from China Tourism Group's wholly-owned subsidiary CTG Asset for about 126 million yuan via a non-disclosure agreement.

The 2020 annual report shows that China Tourism Group Duty Free's main business is the merchandise sales industry, accounting for 99.0% of revenue.

China Tourism Group Duty Free's chairman is Peng Hui, male, 59 years old, with a master's degree.

(By Lan Suying)

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