China Travel Investment Faces Mixed Outcomes at EGM

China Travel International Investment Hong Kong (HK:0308) has released an update.

China Travel International Investment Hong Kong Limited’s recent Extraordinary General Meeting resulted in the rejection of the 2024 Financial Services Framework Agreement, with 82.91% voting against it, while the proposal for the continuation of travel permit administration services was approved with 83.44% in favor. The voting involved independent shareholders as major stakeholders abstained due to conflicts of interest, leaving 38.85% of the company’s shares eligible to vote.

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