Yuyuan Tourism Acquisition of Wuyuan 16% Equity

Main already has gold jewelry, food and department stores, such as eight large chunks of Yuyuan (600655, closing price of 14.31 yuan) to further expand their business map, the company today (December 3) announced that the acquisition of Jiangxi Wuyuan Tourism Co., Ltd. (hereinafter referred to Wuyuan tourism) 16% Equity, continue to overweight tourism. Overweight tourism following last year's curve acquisition of Zhejiang International Travel Group Tourism Co., Ltd., Yu Garden Mall again overweight tourism industry, the company today announced that yesterday, the company and Jiangxi Sanqingshan Tourism Group Co., Ltd. signed an Equity transfer agreement to 77.5208 million yuan to acquire its own Wuyuan tourism 16% stake, A total of 30.1584 million shares.　　This part of the equity evaluation according to the income method, the evaluation value of 77.824 million yuan, the company in the form of discount acquisition. Data show that Wuyuan tourism registered capital of 188 million yuan, business scope includes the development of tourist attractions, business, tourism commodity development, management and real estate development, operating three categories, the business period from November 1, 2007 to October 31, 2057. Prior to the transfer of the shares, the company owned by Jiangxi Sanqingshan Tourism Group Co., Ltd., Wuyuan County Tourism Development Co., Ltd. and Shangrao Yong Chun Tourism Investment Co., Ltd., the shareholding ratio is 54.83%, 27% and 18.17% respectively.　　2009 Wuyuan Tourism to achieve business income of 108 million yuan, net profit reached 38.0736 million yuan. For this overweight tourism industry, Yuyuan said that the company is optimistic about the development prospects of China's tourism industry, has long been looking for investment opportunities for tourism industries, and actively try to expand the domestic other areas of the company's business.　　This investment is completed, the company will work with Wuyuan tourism management to strengthen exchanges and collaboration, the use of various resources, give full play to the advantages of the target company, within the scope of the law to assist Wuyuan tourism to promote the brand, to promote the future development of the company in the tourism industry. Conducive to long-term development of the company's industry analysis that Yuyuan the acquisition of Wuyuan tourism equity ratio although small, but through this transaction, you can see the company's future strategic planning. In addition, it is noteworthy that the company in fact, mainly in the operation of gold jewelry, in the expansion to the tourism industry, through the joint tourism gold sales, broaden sales channels, conducive to sustainable development in the future.　　After the transaction, the company is expected to strengthen the future investment in the tourism industry. At the same time, there are private equity, Yuyuan is relying on the "Yuyuan Garden" developed by the business, tourism as the main company, it has been actively seeking investment opportunities for tourism, the acquisition of the company's ability to gather passengers and supporting tourism services will have a positive impact. At the same time, in addition to help themselves better development, but also to share the future development of domestic tourism opportunities.