HuaAn Future Asset Management (Shanghai) Co., Ltd. agreed to acquire Fashion Tour Hotel Management Co., Ltd. from Shanghai Jin Jiang International Hotels Co., Ltd. (SHSE:600754) for CNY 1.7 billion on April 8, 2024. The consideration consists of CNY 1.7 billion in cash. As part of the consideration, CNY 1.7 billion was paid towards common equity.

The deal has been approved by board of directors of Shanghai Jin Jiang International Hotels Co., Ltd, As on April 12, 2024 the parties entered into agreement