Shouguang Chenming Guangyuan Real Property Company Limited agreed to acquire 90.05% stake in Shandong Yujing Grand Hotel Co., Ltd. from Shandong Chenming Paper Holdings Limited (SZSE:000488) for approximately CNY 360 million on March 22, 2024. As of December 31, 2023, Shandong Yujing Grand Hotel Co., Ltd reported net loss of CNY 26 million, net assets of CNY -40 million, and total assets of CNY 200 million.
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Apr. 26 | Court Dismisses Chenming Paper's Appeal Against Winding-Up Stay | MT |
Apr. 15 | Shandong Chenming Paper Holdings Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
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- Shouguang Chenming Guangyuan Real Property Company Limited agreed to acquire 90.05% stake in Shandong Yujing Grand Hotel Co., Ltd. from Shandong Chenming Paper Holdings Limited for approximately 360 million.