HONG KONG :China Tourism Group Duty Free Corp is aiming to raise up to US$2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far this year.
Shanghai-listed China Tourism is planning to sell 102.76 million shares priced between HKUS$143.50 and HKUS$165.50 (US$18.30 and US$21.10) each, the term sheet said.
The offer has already been fully subscribed, according to two people with direct knowledge…