Ge Long Hui·2026-01-20 01:58Core Viewpoint - China Duty Free Group (CDFG) shares saw a significant increase, with A-shares rising nearly 7% to 99.81 yuan and H-shares up over 10% to 96.8 HKD, marking new highs since October 2023 [1] Group 1: Acquisition Details - CDFG's wholly-owned subsidiary, CDF International, signed a framework agreement with DFS Singapore and DFS Hong Kong to acquire equity and assets related to DFS's travel retail business in Greater China for up to 395 million USD [1] - The acquisition includes 100% equity of DFS Cotai Limitada and assets from two stores held by DFS Hong Kong, covering personnel, lease contracts, fixed assets, and inventory, as well as intangible assets in Greater China [1] Group 2: Strategic Cooperation - CDFG signed a strategic cooperation memorandum with LVMH to establish a partnership in retail sectors where both companies align strategically [1] - The collaboration aims to leverage the strengths of both companies to deepen cooperation in Greater China, focusing on mutual benefits [1] - Areas of cooperation will include product sales, store openings, brand promotion, cultural exchange, tourism services, and customer experience [1]