ST Yuancheng (603388.SH) announced that its wholly-owned subsidiary, Zhejiang Yuancheng Tourism Industry Holdings Co., Ltd., has transferred 51% equity of Zhejiang Yue Long Shan Tourism Resort Co., LTD to Tianjin Tongcheng Travel Management Co., Ltd. (Tianjin Tongcheng) based on the evaluation result at a transfer price of RMB 242 million.
ST Yuancheng (603388.SH) released an announcement stating that its wholly-owned subsidiary, Zhejiang Yuancheng Tourism Industry Holdings Co., Ltd. (hereinafter referred to as "Industry Holding"), will transfer its holding of 51% equity in Zhejiang Yue Long Shan Tourism Resort Co., Ltd. (hereinafter referred to as "Yue Long Shan Resort") to Tianjin Tongcheng Travel Management Co., Ltd. (hereinafter referred to as "Tianjin Tongcheng"). Based on the evaluation result, both parties negotiated and agreed on a transfer price of RMB 242 million.