Group 1 - The core point of the article is that Hong Kong Travel (0308.HK) plans to internally restructure its tourism real estate business by establishing a private company group and distributing shares to reduce overall debt and minimize risks associated with the volatile real estate market [2] - The tourism real estate business has been underperforming, with management expressing concerns about future profitability due to inherent cyclical risks in capital-intensive property development [2] - The proposed distribution is expected to result in a loss of approximately HKD 160 million on the consolidated income statement and comprehensive income statement [2] Group 2 - In the first half of the year, Hong Kong Travel reported a revenue decline of 8% to HKD 1.974 billion, with a pre-tax loss of HKD 8 million compared to a pre-tax profit of HKD 165 million in the same period last year [3] - The company recorded a shareholder loss of HKD 87 million, and operating profit attributable to shareholders decreased by 91% to HKD 14 million [3] - As of October 13, the stock price of Hong Kong Travel was HKD 1.66 per share, reflecting an increase of 8.5% [3]