Core Insights - China Duty Free Group (CDFG) has officially completed the acquisition of DFS Group's stores and related intangible assets in Hong Kong and Macau, establishing a partnership with DFS Group and LVMH in the global travel retail sector [1] Group 1: Acquisition Details - The estimated cost of the acquisition is approximately $294 million [1] - CDFG's wholly-owned subsidiary, CDF International Co., Ltd., will operate the acquired DFS stores and gain exclusive rights to a series of brands and intellectual property in China [1] - The DFS store located at Guangdong Road, Hong Kong, has been excluded from the acquisition due to unmet conditions in the framework agreement [1] Group 2: Fundraising and Utilization - The net proceeds from the share issuance amount to approximately HKD 690 million [1] - The funds raised will be used to strengthen the company's capital base and support the expansion and operational upgrades of its domestic and international businesses [1]