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

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...

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