CTS enhances liquidity with placement

China Travel Services (CTS) has completed a secondary share placement to maintain its current ownership level in China Travel International Investment, following the exercise of a convertible from subsidiary to parent.
May 24, 2001

Full conversion of a HK$600 million ($77 million) convertible bond issued by the subsidiary in March has prompted a subsequent share placement led by BNP Paribas Peregrine on Tuesday.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media