Tu Yi (HKG:1701) unit Shuzenji Takitei agreed to acquire 100% interest in Nikko Kotsu from three independent third parties for 89.5 million yen, according to a Tuesday Hong Kong bourse filing.
The target firm engages mainly in the provision of tour bus transportation services.
The acquisition will allow the travel services provider to expand its tour bus transportation capacity to accommodate larger tour groups and boost customer experiences.
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