Hunan Xing Xiang Asset Management Co., Ltd. entered into an agreement to acquire Xiangtan Huatian Hotel Co., Ltd. from Huatian Hotel Group Co.,Ltd. for approximately CNY 350 million.
Hunan Xing Xiang Asset Management Co., Ltd. entered into an agreement to acquire Xiangtan Huatian Hotel Co., Ltd. from Huatian Hotel Group Co.,Ltd. (SZSE:000428) for approximately CNY 350 million on October 14, 2021. The acquisition also includes the creditor's rights. Within 5 working days after the signing of the contract, Hunan Xing Xiang Asset Management must make a one time deposit of the payment to Hunan Exchanges settlement account.