On March 9th, China Tourism Group Duty-Free Corporation Limited (CTG) (stock code SH.601888), the world’s largest travel retail operator, disclosed in a statement that it has agreed to invest CNY 1.228 billion to participate in the capital increase of China National Service Corporation for Chinese Personnel Working Abroad (CNSC) through a non-public agreement. After the completion of the transaction, the company will hold a 49% stake in CNSC.
CNSC was established in 1983 with the approval of the State Council and was successively under the jurisdiction of the Ministry of Foreign …
