Utour raised 169 million yuan ($27.92 million) through issuing 14.58 million shares, with the funds to be reinvested in three projects, including a marketing network, e-commerce and MICE projects, the company announced.
The travel agency, which focuses on outbound tourism, earned 3 billion yuan operation income in 2013, with a 39.78-percent year-on-year growth, and net profit of 87.47 million yuan.
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