The Zhitong Finance App learned that Hong Kong China Travel Service (00308) declined after opening slightly higher this morning. At one point, it fell by more than 5%. As of press release, it had fallen 4.37% to HK$1.095, with a turnover of HK$124.968 million.

According to the news, on October 26, Hong Kong China Travel announced that it was proposed to split Hong Kong and Macao Cultural Tourism and independently list it on the main board of the Stock Exchange through an introduction, and conditionally announce physical distribution. For every 4 Hong Kong China Travel shares held, 1 Hong Kong and Macau Cultural Tourism share will be issued. It is expected that Hong Kong and Macau Cultural Tourism shares will begin trading on the Stock Exchange at 9:00 a.m. on November 26. It is expected that listing documents will be published on or around Friday (30th). The record date for determining the distribution rights is November 20.

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