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China International Travel Service Corp Ltd Completes Private Placement; Announces Change in Shareholding Structure


Tuesday, 16 Jul 2013 08:00pm EDT 

China International Travel Service Corp Ltd announced that it has completed its private placement of 96,237,772 A shares of common stock at RMB 26.58 per share, and raised RMB 2,557,999,979.76. After the issuance, the Company's top shareholder, CITS Group Corporation, which subscribed no share in the issuance, decreased its holdings from 61.35% to 55.30%.