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Yunnan Tourism to invest 45.3 million yuan to set up two subsidiaries

Yunnan Tourism (002059) Wednesday late release announced that the company intends to set up a wholly-owned subsidiary of 30 million Yuan Kunming Expo Park Sports Leisure Co., Ltd., which use the first raise capital of 26.6736 million yuan, its own capital of 3.3264 million yuan.  In addition, the company plans to work with Kunming International Convention and Exhibition Center, Yunnan World Expo Garden Hotel jointly funded 30 million yuan to prepare Kunming Expo International Conference Center, of which the company contributed 15.3 million yuan, accounting for 51% of total registered capital. The company said, Kunming Expo Park Sports Leisure Co., Ltd. will promote the establishment of the company and Expo Park Scenic Area ...

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