Jan 21, 2022 09:19 PM (GMT+8) · EqualOcean
Junting Hotel announced that the company has signed an equity acquisition agreement and trademark transfer agreement with Junlan Hotel Group Co., Ltd. the acquisition price of 79% equity of Zhejiang Junlan Hotel Management Co., Ltd. is 66 million yuan, the acquisition price of 70% equity of Jinglan Hotel Investment Management Co., Ltd. is 14 million yuan, and the transfer price of "Junlan" series trademarks is 60 million yuan, a total of 140 million yuan. The source of acquisition funds is raised funds. After the completion of this transaction, the company will hold 79% equity of Zhejiang Junlan Hotel Management Co., Ltd. and 70% equity of Jinglan Hotel Investment Management Co., Ltd. the target company will become a holding subsidiary of the company and be included in the scope of the company's consolidated statements.