HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) rose more than 3%, completing the acquisition of DFS Macau business and assets.

China Tourism Group Duty Free Corporation (01880) rose more than 3%, as of the time of writing, up 2.27% to HK$69.85, with a turnover of HK$26.3372 million. On the news front, on March 19, China Tourism Group Duty Free Corporation announced that on January 19, 2026, China International Duty Free Limited (the buyer, an indirect wholly-owned subsidiary of the Company) entered into an agreement with DFS Venture Singapore (Pte) Limited ("DFS Singapore") and DFS Group Limited ("DFS Hong Kong", together with DFS Singapore referred to as the "sellers", both ultimately owned by LVMH and The Mac Family) (the "Framework Agreement"), pursuant to which the sellers agreed to sell, and the buyer agreed to acquire all the issued shares of the target company (i.e. DFS Cotai Limitada) ("Share Acquisition"), and DFS Hong Kong agreed to sell, and the buyer agreed to purchase the business through asset transfer ("Asset Acquisition", together with Share Acquisition collectively referred to as the "Acquisition").