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Beijing Tourism Group to lift stakes in four listed units for up to USD93 million

02/12/2020| 12:17:30 PM|

The amount of share increase in Quanjude is expected to equal at least 1 percent but no more than 2 percent of BTG's total share.

Beijing Tourism Group, a state-owned travel and hospitality conglomerate, plans to spend between CNY176 million and CNY650 million (USD25 million and USD93 million) raising its stake in four of its publicly traded companies.

The four firms - BTG Hotels Group, China Quanjude Group, Wangfujing Group and Beijing Capital Retailing Group - released separate statements over BTG's stake increase yesterday.

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TAGS: Beijing Tourism Group | BTG Hotels Group | China Quanjude Group
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