New stock news | CTG Macau (01821) lists in Hong Kong by way of introduction; shares expected to begin trading on November 26

On October 30, CTG Macau (01821) announced that it has applied to the Hong Kong Stock Exchange for approval to list its shares on the Main Board by way of introduction. The shares are expected to begin trading on November 26, with a board lot size of 500 shares. Under the distribution, qualifying shareholders of CHINA TRAVEL HK (00308) will receive 1 share for every 4 CHINA TRAVEL HK shares held, paid by way of distribution in specie. As the distribution may give rise to fractional shares, the company has appointed Phillip Securities (Hong Kong) Limited to provide matching services to assist shareholders in making up a complete board lot or selling fractional shares. According to disclosures by the Hong Kong Stock Exchange on October 26, CTG Macau passed the listing hearing for the Hong Kong Stock Exchange Main Board, with China Galaxy International as its sole sponsor. CTG Macau is a tourism service provider focused on the Greater Bay Area. The company operates a cross-border passenger transport platform in the Greater Bay Area covering both sea and land networks. CTG Macau provides cross-border transportation services under two major cross-border passenger transport brands: "TurboJET" and "CTBus".