share_log

BRIEF-UTour Group Signs Strategic Cooperation Framework Agreement With Alibaba's Affiliate

路透社 ·  Sep 29, 2020 20:28
Sept 29 (Reuters) - UTour Group Co Ltd :
   * SAYS IT PLANS TO SET UP JV WORTH 150 MILLION YUAN ($22.01 million) WITH ALIBABA'S TOURISM AFFILIATE
   * SAYS IT SIGNS STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH ALIBABA'S TOURISM AFFILIATE ON BUSINESS DEVELOPMENT
   * SAYS CONTROLLING SHAREHOLDER SIGNS AGREEMENT TO SELL 5% STAKE IN THE COMPANY TO ALIBABA'S AFFILIATE FOR 384.7 MILLION YUAN
   * SAYS NO CHANGE IN COMPANY'S OWNERSHIP AFTER THE TRANSACTION

Source text in Chinese:    Further company coverage:

($1 = 6.8166 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)
((twinnie.siu@tr.com; 852-3462 7715;)
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment