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TouropeartorgiantCITSplanstobuy51%stakeinSunriseDutyFree

Date:2017-07-04Source: Official Site:https://www.jetgo.cn

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 management right in Beijing Capital Airport

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