Shanghai Jin Jiang International Hotels Co., Ltd. (SHSE:900934) agreed to acquire Jinjiang International Hotels Management Co., Ltd. from Shanghai Jin Jiang Capital Company Limited for CNY 461 million on November 28, 2023. Shanghai Jinjiang International Hotels Co., Ltd. use its own funds for the acquisition. Jinjiang International Hotels Management Co., Ltd. reported total assets of CNY 403.99 million and net assets of CNY 323.51 million on September 30, 2023.

Shanghai Jin Jiang International Hotels Co., Ltd. 23rd session of the company?s 10th directorate approved the acquisition.