Great Wall Film and Television plans to acquire 51% equity interests in 9 travel agencies for 216 million yuan
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Hangzhou Chunzhisheng Travel Agency Co., Ltd. is the main local pick up service agency for individual tourists in East China. It mainly receives individual tourists and business guests from other places who come to Shanghai and Hangzhou. It mainly focuses on short-term travel products around Shanghai and Hangzhou and is the core supplier of Ctrip. com, a major partner in Xitang, Songcheng and other scenic spots, serving more than 100,000 tourists every year. Hebei Feifan Travel Agency Co., Ltd. is one of the strongest travel agencies in Shijiazhuang City. It has 48 business outlets in Shijiazhuang City, focusing on surrounding areas...
through the acquisition of 51% stake in nine travel agencies, Great Wall Film and Television can serve about 1.4 million tourists every year, which can increase the company's net profit by more than 30 million yuan, and at the same time, it can transport more than 200000 tourists to Zhuji Film and Television City.