News Column

Yunnan Tourism to Take 80% Stake in Jiangnan Gardens

August 14, 2014

KUNMING, August 14, SinoCast -- Yunnan Tourism Co., Ltd. (SZSE: 002059) revealed plans to acquire an 80% stake in Jiangnan Gardens through share placement and cash payment.

Yunnan Tourism will offer shares to at most ten other designated investors to finance money for cash payment, with financing value not surpassing 25% of the trading value.

The target assets are estimated to be worth CNY 475.2 million, jumping 230.04%.

Through making full use of and sharing bilateral resources with Jiangnan Gardens, Yunnan Tourism will gear up in three parallel services of tourism, real estate and gardening.

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Source: Sinocast Investing & Securities Beat (China)

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