Hubei Cultural Tourism Group Asset Management Co., Ltd. acquired 50% stake in Hubei Shennong Tourism Passenger Transport Co., Ltd. from Hubei Three Gorges Tourism Group Co., Ltd. for CNY 8.44 million.
May 16, 2023
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Hubei Cultural Tourism Group Asset Management Co., Ltd. acquired 50% stake in Hubei Shennong Tourism Passenger Transport Co., Ltd. from Hubei Three Gorges Tourism Group Co., Ltd. (SZSE:002627) for CNY 8.44 million effective May 16, 2023. Hubei Shennong Tourism Passenger Transport Co., Ltd. reported total assets and net assets of CNY 15.82 million and CNY 15.55 million respectively on September 30, 2022.
Hubei Three Gorges Tourism Group Co Ltd, formerly Hubei Yichang Transportation Group Co Ltd, is a China-based company mainly engaged in comprehensive tourism business, comprehensive transportation business, commercial logistics business and primary land development business. Its comprehensive tourism business includes tourism transportation services, sightseeing cruise services, tourist port services, travel agency business and tourist attractions business. Its comprehensive transportation business includes passenger travelling services, passenger car sale, spare part, service and survey (4S) services and vehicle extension services. Its commercial logistics services include supply chain management, property leasing and property services, and supermarket sales. The Company mainly conducts its business in Central China.
Hubei Cultural Tourism Group Asset Management Co., Ltd. acquired 50% stake in Hubei Shennong Tourism Passenger Transport Co., Ltd. from Hubei Three Gorges Tourism Group Co., Ltd. for CNY 8.44 million.
HUBEI THREE GORGES TOURISM GROUP CO., LTD. 
