By Scott Murdoch
HONG KONG (Reuters) – China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.
The people declined to be identified as the information is not yet public.
The Shanghai-listed company did not respond to a request for comment on the size of the deal.
The firm has lodged a filing for the listing with Hong Kong’s stock exchange. At $7 billion, it would be the city’s largest listing in nearly two years.
(Reporting by Scott Murdoch in Hong Kong; Additional reporting Sophie Yu in Beijing; Editing by Christopher Cushing)
