China Duty Free Group and Shanghai Airport establish duty-free company.

According to the Qi Cha Cha app, recently, China Duty Free Group Duty Free Products Co., Ltd. was established with a registered capital of 200 million yuan. Its business scope includes duty-free product sales; tobacco product retail; alcohol sales; leather product sales, etc. Stock penetration data from Qi Cha Cha shows that the company is jointly owned by Shanghai Airport and China Duty Free's wholly-owned subsidiary China Duty Free Product Co., Ltd.