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Tour opeartor giant CITS plans to buy 51% stake in Sunrise Duty Free

07/04/2017| 2:56:29 PM|

Chinese tour opeartor giant CITS' fully-controlled subsidiary China Duty Free Group plans to splash out RMB 38.8 million to buy a 51% stake in duty-free sales company Sunrise Duty Free.

Chinese tour opeartor giant China International Travel Service (CITS) announced on July 1 that its fully-controlled subsidiary China Duty Free Group plans to splash out RMB 38.8 million to buy a 51% stake in duty-free sales company Sunrise Duty Free.

CITS said that the stake acquisition depends on whether Sunrise can win the bid of duty free store operation right at Beijing Capital Airport. 

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TAGS: CITS | China Duty Free Group | Sunrise Duty Free
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