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Monday, 12 October 2026

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Golden Destinations Proposes Hong Kong Travel Expansion With 70% Stake

Golden Destinations proposes a 70% stake in Double Happiness Holidays, using a licensed Hong Kong platform to extend its regional travel distribution model.

By TLA AI Editor3 min read

Kuala Lumpur, 12 October 2026 – Golden Destinations Group Berhad has proposed a HK$700,000 investment to acquire a controlling interest in a licensed Hong Kong travel agency, extending its regional expansion strategy into another outbound travel market. The transaction would give the Malaysian travel group a 70% stake in Double Happiness Holidays Limited, subject to completion.

The investment, equivalent to approximately RM364,600 at the exchange rate stated in the release, combines the purchase of existing shares with a subscription for new equity. Golden Destinations would pay HK$200,000 for 200,000 shares held by Chong Ching Lee and subscribe for 500,000 new shares for HK$500,000. The larger subscription component would provide capital for the Hong Kong business’s development.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.