Key Insights
- The considerable ownership by private companies in China Tourism Group Duty Free indicates that they collectively have a greater say in management and business strategy
- 50% of the company is held by a single shareholder (China Tourism Group Corporation Limited)
- 16% of China Tourism Group Duty Free is held by Institutions
If you want to know who really controls China Tourism Group Duty Free Corporation Limited (SHSE:601888), then you’ll have to look at the makeup of its share registry. We can see that private companies own the lion’s share in the company with 50% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
As a result, private companies as a group endured the highest losses last week after market cap fell by CN¥10b.
Let’s take a closer look to see what the different types of shareholders can tell us about China Tourism Group Duty Free.