China travel on 20th to raise 1.7 billion yuan

Every reporter Song Yuandong the SFC website yesterday issued the Audit committee work announcement, China Travel Company Limited's starting application will be approved on July 20. This is also following the Anhui Xinlong electrical appliances, Shanghai Super Sun Solar Energy, the SFC IPO restart audit after the third order.　　In recent days, Anhui Xin Long electrical appliance was approved, and Shanghai Super Sun Solar Starter was issued by the Audit Committee. China Travel Co., Ltd. IPO prospectus (report) shows that the proposed release of not more than 220 million shares, raise capital of about 1.7 billion yuan, after the issuance of total equity not exceeding 880 million shares. The company is mainly engaged in travel agency business and tax-free business. After the issuance of the collection of funds deducted from the issue fee, to be prioritized in order to invest in the domestic travel Agency Network construction, the opening of the city duty-free shops, such as 10 projects, the cumulative investment amount of about 1.7 billion yuan, after the release is scheduled to be listed in Shanghai.