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.

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A formal agreement is expected by Mar. 31, 2026, unless extended by mutual consent, the filing said.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1255","symbol_name":"旅客陸運","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2589138342","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589138342","pubTimestamp":1765164901,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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