Kwoon Chung Bus in Talks to Sell 85% Stake in Bipenggou Tourism; Shares Gain 4%

MT Newswires Live
2025/12/08

Kwoon Chung Bus (HKG:0306) said its subsidiaries signed a non-binding intent agreement for the potential sale of an 85.3% stake in Lixian Bipenggou Tourism Development, according to a Dec. 5 Hong Kong bourse filing.

Shares of the bus-for-hire service company were up over 4% in Monday morning trade.

Kwoon Chung (Chongqing) Tourism Development and Chengdu West Travel Investment plan to sell their combined stake to A'ba Dajiuzhai Tourism Group Corporation and Chengdu Xintianfu Cultural Tourism Development.

The parties will form a working group after receiving 20 million yuan in earnest money to advance a business split-off before negotiating a formal sale agreement.

The final structure and price will depend on the results of due diligence, audit, and valuation. A formal agreement is expected by Mar. 31, 2026, unless extended by mutual consent, the filing said.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10