CN CULTURAL-NEW (00542) Completes Sale of 47% Stake in China Cultural Tourism Group

Stock News

Dec 12, 2025

CN CULTURAL-NEW (00542) announced the completion of its proposed sale of a 47% stake in China Cultural Tourism Group. The group has received the full consideration, with the transaction finalized on December 11, 2025, in accordance with the agreement terms. Following the completion, the target company ceased to be a subsidiary of CN CULTURAL-NEW, and its financial results will no longer be consolidated into the group's financial statements. Post-transaction, Peak Global Limited holds an 88% stake in the target company, while CN CULTURAL-NEW retains a 12% interest.

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The group has received the full consideration, with the transaction finalized on December 11, 2025, in accordance with the agreement terms. Following the completion, the target company ceased to be a subsidiary of CN CULTURAL-NEW, and its financial results will no longer be consolidated into the group's financial statements. 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