China Travel Signs Financial Services Agreement with CTG Finance

MT Newswires Live

Mar 27

China Travel International Investment Hong Kong (HKG:0308) entered into a 2025 Financial Services Framework Agreement with CTG Finance for financial services from March 26, 2025, to December 31, 2027, a Wednesday Hong Kong bourse filing said.

The agreement covers loan services, bill discounting, acceptance bill issuance, and cross-border cash pooling. Since CTG Finance is a subsidiary of CTG, a controlling shareholder with 61.15% ownership, the transactions are considered continuing connected transactions under the Listing Rules, the release said.

Loan interest rates will be based on prevailing market rates, with at least two independent quotes required before finalizing any transaction, it said.

Shares of China Travel International Investment Hong Kong fell nearly 4% at market close on Thursday.

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