China's Citic Capital builds 7.3% stake in Tourism Holdings

Tue, 17 Oct 2017

By Paul McBeth Oct. 18 (BusinessDesk) - Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3 percent stake in Tourism Holdings, making it the motorhome operator's second-biggest shareholder. Auckland-based Tourism Holdings said in a statement to NZX it hasn't had any contact with Citic or the entity holding the shares, HB Holdings, but will get in touch to acknowledge the stake. Milford Asset Management is the company's biggest shareholder with an 11 percent stake. "THL has had discussi...

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