China Travel Group subscribes 530 mln new shares and places 200 mln old shares

China Travel International Investment (0308) announced its parent company China Travel Group exercised its converting bonds rights valued at HK$600 mln to subscribe 530 mln new shares, which accounted for 14% of the enlarged capital. The company resumed shares trading this morning.

Meanwhile, China Travel Group would place at most 200 mln old shares to organizational investors at HK$1.6435 each, 5% discount to the closing price of last Monday to cash HK$328.7 mln. The placement accounted for about 5.28% of the enlarged capital.

After the dealing, the shareholding in China Travel International Investment owned by China Travel Group would slightly increased from 60% to 60.32%.

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