July 2，China Securities News reporter learned from Caesars Travel (000796)，Hainan Tongsheng Shijia Duty Free Group Co., Ltd. (referred to as Tongsheng Duty Free), a subsidiary of the company, recently signed a capital increase agreement with Shanghai Licheng Asset Management Co., Ltd. (referred to as Shanghai Licheng)，To further integrate resources，Achieve sustainable development，Accelerate the strategic process of promoting duty-free business in Hainan，Shanghai Licheng will invest 100 million yuan to increase its capital。After completion of this capital increase，Shanghai Licheng will occupy 20% of the shares of Tongsheng Duty Free。188bet sports betting app download This is also the second time that Caesars Tourism has received additional investment from Shanghai Licheng。

April this year，Shanghai Licheng manages the "Licheng New Vision No. 7 Private Securities Investment Fund"1.Subscribed 500 million yuan for the non-public offering of shares of Caesars Tourism，Opened the cultural tourism cooperation between both parties、Investment，In-depth cooperation especially in the field of tax exemption。Participate in capital increase and Tongsheng Tax Free again，Become a further collaboration between the two parties in the field of tax exemption，will enhance the platform integration capabilities of both parties for high-quality tax-free resources，In-depth participation in the construction of Hainan Free Trade Port。

It is reported，Shanghai Licheng’s long-term layout in the cultural tourism industry，Invested in Songcheng Performing Arts one after another、Sanxiang Impression、Golden Staff Culture、Yongle Culture、Jinjiang Hotel and other enterprises in different stages and sub-fields，Aims to gradually 188bet app deepen the understanding of the cultural tourism industry。Currently，Shanghai Licheng has issued multiple private equity fund products，AUM of approximately RMB 8.5 billion。

Introduction to Caesars Travel，Tongsheng Duty Free is the duty free business management platform of Caesars Tourism，Continuously promote the development of business in the tax-free field since its establishment，Jointly launched the “Tianjin International Cruise Home Port Entry Duty Free Shop” with China Overseas Personnel Service Co., Ltd.，Contributed capital to acquire 20% equity of Jiangsu Zhongfu Duty Free Products Co., Ltd.，Serving the Beijing Duty Free Shop Operating Company as a shareholder，Further establish a close cooperative relationship with the Chinese server。

Caesar Travel Executive Chairman and CEO Liu Jiangtao said: “This capital increase is a further deepening of the implementation of the strategic cooperation framework agreement between the two parties，Conducive to promoting the company’s healthy operations and sustainable development。Hope both sides can join 188bet app hands，Further strengthen the cooperative relationship，Achieving high-quality development in the tourism industry chain。”

188bet online sports betting China Securities Network, author: Yu Mengmeng , original title：《Tongsheng Duty Free, a subsidiary of Caesars Tourism, introduces Shanghai Licheng to increase capital by 100 million yuan》.