Core Viewpoint - Hong Kong Travel (00308) experienced a significant drop in stock price, falling over 18% at one point and closing down 15.43% at HKD 1.48, with a trading volume of HKD 55.63 million [1] Group 1: Company Actions - On November 18, Hong Kong Travel's physical distribution plan went ex-dividend, with each share corresponding to one share of the private company (China Travel Health Resort Holdings Limited) [1] - The company announced an internal restructuring and spin-off of its tourism real estate business, which will be held by the private company, and the establishment of a private company group [1] - Following the distribution, the private company group will no longer be a subsidiary of Hong Kong Travel [1] Group 2: Financial Implications - Shareholders can receive shares of the private company based on their shareholding ratio or opt for a cash alternative of HKD 0.336 per share, which represents approximately 21.96% of the last closing price of HKD 1.53 prior to the announcement [1] - The distribution is expected to result in a loss of approximately HKD 160 million on the consolidated income statement [1]
香港中旅一度跌超18% 公司今日除净 此前宣布实物分派旅游地产业