July 3, 2017 / 7:32 AM / 2 months ago

BRIEF-China International Travel Service unit to buy 51 pct stake in duty-free sales company

July 3 (Reuters) - China International Travel Service Co Ltd :

* Says its unit plans to use 38.8 million yuan to buy 51 percent stake in a duty-free sales company (the target firm)

* The stake acquisition depends on whether the target firm can win the bid of duty free store management right in Beijing Capital Airport

Source text in Chinese: goo.gl/6tSJbG

Further company coverage: (Beijing Headline News)

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