[ET Net News Agency, 18 December 2019] Differ Group Holding Company Limited (06878)
said its subsidiary Cultural Tours Limited has agreed to buy the entire issued share
capital of Cyut Shing Company Limited (the target company) at a consideration of RMB405
million.
Upon completion, the company will hold 100% interest in the Longquan Differ Cultural
Tourism Company Limited and Longquan Differ Hotel Company Limited, which in turn will
strengthen the assets management business of the group. Longquan Differ Hotel Company
Limited currently owns a property development named Differ One City, which is situated at
Longquan City, Zhejiang Province, the PRC.(RC)