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香港中旅(00308.HK)完成出售香港中国旅行社股权

Hong Kong China Travel Service (00308.HK) completes the sale of its stake in Hong Kong China Travel Service

格隆滙 ·  May 31, 2021 06:20

China Travel Service Hong Kong (00308.HK) announced that the group concerned sold its 100% common shares of Hong Kong China Travel Service Limited (formerly known as China Travel Service Co., Ltd.) to China Travel Group Travel Services Limited (formerly known as China Travel Service Co., Ltd.) at a consideration of HK $5.13 million. Together with its subsidiaries, it is collectively referred to as "New Hong Kong China Travel Service Group". And the ongoing related transactions in which the Group and the China Travel Group provide tour group services to each other. The sale was completed on May 31, 2021. After the completion of the transaction under the agreement, the target company is no longer a subsidiary of the company, so the financial performance of the target company will no longer be included in the company's consolidated financial statements. In addition, the General Agreement on Tour Services for 2020 will be terminated upon completion of the sale. After the sale of the traditional travel agency business, the Group will no longer provide tour group services to each other with China Tourism Group companies, so the general agreement on tour group services has been terminated in 2020.

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