China Travel on spending spree in new game plan

China Travel International Investment Hong Kong says it will ramp up capital expenditure to HK$2.6 billion this year from HK$600 million as part of its new strategy to invest more in hotels and property.

"Our capital expenditure will continue to increase in the coming years," executive director Xu Muhan said. "We are in negotiations on many projects. We are interested in Hong Kong investment opportunities."

via Business feed http://www.scmp.com/business/companies/article/1196676/china-travel-spending-spree-new-game-plan