Core Viewpoint - Hong Kong Travel (00308) shares rose over 9% in early trading, currently up 7.84% at HKD 1.65, with a trading volume of HKD 35.39 million [1] Group 1: Company Announcement - Hong Kong Travel announced a proposal for a physical distribution of its tourism real estate business, allowing shareholders to choose between receiving 1 share of a private company per share or cash of HKD 0.336 per share [1] - After the distribution, the company will retain its tourism attractions and related businesses, including theme parks, cultural and natural scenic spots, tourism document services, and hotel and passenger transport operations [1] Group 2: Strategic Implications - The company stated that the completion of the distribution will reduce the drag from non-core assets, improve profitability expectations, and further optimize its operational model by concentrating funds and management resources on high-return tourism operations [1] - The board believes that this move aligns with the overall interests of the company and its shareholders [1]

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]