Core Viewpoint - Hong Kong Travel (00308) announced a proposal for a physical distribution of its tourism real estate business, allowing shareholders to choose between receiving one share of a private company or cash of 0.336 HKD per share, which is expected to enhance profitability and optimize operations [1] Group 1: Company Actions - The company’s stock rose over 9% in early trading, settling at 1.65 HKD with a transaction volume of 35.39 million HKD [1] - Following the distribution, the company will retain its tourism attractions and related businesses, including theme parks, cultural sites, and hotel operations [1] - The board believes that this move aligns with the overall interests of the company and its shareholders [1] Group 2: Financial Implications - The distribution is expected to reduce the drag from non-core assets, leading to improved profitability [1] - The company aims to concentrate funds and management resources on high-return tourism operations post-distribution [1]
港股异动 | 香港中旅(00308)早盘涨超9% 公司建议实物分派旅游地产业 有望减少非核心资产拖累