China's Citic Capital boosts Tourism Holdings stake to 11%

Paul McBeth
Sun, 29 Oct 2017

By Paul McBeth Oct. 30 (BusinessDesk) - Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has boosted its stake in Tourism Holdings to almost 11 percent having emerged as a substantial shareholder in the motorhome operator earlier this month.  The investor bought 4.2 million shares for an aggregate $20.4 million in a series of on-market purchases between Oct. 16 and Oct. 27, representing an average price of $4.85 a share, according to a substantial shareholder notice to the NZX. Citic unit HB Holdings emerg...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics
Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager