Core Viewpoint - Hong Kong Travel (00308) has seen a significant stock price increase following the announcement of acquisitions related to the Jilin Songhua Lake International Resort and Beijing Wanbingxue Sports Co., Ltd. [1] Group 1: Acquisitions - Hong Kong Travel, in collaboration with China Travel Capital and Jilin Province Travel Control Group, has acquired 75% stakes in both Jilin Songhua Lake International Resort Development Co., Ltd. and Beijing Wanbingxue Sports Co., Ltd. from Vanke Group [1] - The completion of the acquisition is expected in the second half of 2025, with projected annual visitor numbers exceeding 350,000 and revenues surpassing 300 million yuan during the stabilization period [1] Group 2: Financial Performance - The company reported a stock price increase of over 13%, settling at 1.58 HKD with a trading volume of 310 million HKD [1] - Citigroup noted improvements in operational and business development quality, with enhanced hotel performance and stable transportation and travel document services, which offset losses from investment property fair value and theme park impairments [1] Group 3: Strategic Focus - The company is focusing on four major natural and cultural tourism destinations: Ningxia, Yunnan, Xinjiang, and Guangxi, aiming to build brand benchmarks through a balanced approach [1]