---
title: "Hylink plans to establish a joint venture company with Xiangjiang Group to promote business development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243782178.md"
description: "Hylink plans to jointly invest with Xiangjiang Group to establish a joint venture company, Hunan Hylink Cultural Tourism Operation Management Co., Ltd., with a total investment of 402 million yuan. Hylink will contribute 205 million yuan in cash, holding 51% equity; Xiangjiang Group will contribute 197 million yuan in equity, holding 49% equity. The joint venture will promote the development of digital cultural and tourism business, enhance visitor experience and consumption value, and plans to jointly develop the digital operation of multiple cultural tourism projects in Hunan Province"
datetime: "2025-06-09T23:36:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243782178.md)
  - [en](https://longbridge.com/en/news/243782178.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243782178.md)
---

# Hylink plans to establish a joint venture company with Xiangjiang Group to promote business development

According to the announcement from Zhitong Finance APP, Hylink (603825.SH) plans to jointly invest with its controlling shareholder, Xiangjiang Group, to establish a joint venture company named Hunan Hylink Cultural Tourism Operation Management Co., Ltd. (tentative name). The total investment amount is 402 million yuan, of which the company intends to contribute 205 million yuan in cash, holding 51% of the joint venture's equity; Xiangjiang Group plans to contribute 197 million yuan by transferring 100% equity of Xiangjiang Urban Operation, holding 49% of the joint venture's equity.

The announcement indicates that after the establishment of the joint venture, both parties will rapidly develop the company's digital cultural tourism business segment, enhancing the tourist experience and the per capita consumption value of cultural tourism projects; utilizing the mature system of the original operating company's smart city segment to improve the operational efficiency of the digital cultural tourism projects undertaken by the company, especially laying a solid foundation for enhancing the overall visibility of the Dawangshan area and creating the Dawangshan International Tourism Resort; at the same time, the resources for digital brand promotion of the listed company will empower a large number of advertising resources within the planning scope of Xiangjiang New Area covered by the original operating segment. It is expected that in the future, the joint venture will jointly develop and undertake the digital operation of several other cultural tourism projects in Hunan Province with the listed company's cultural tourism segment, creating more profitability for the segments.

It is reported that the company's joint investment with related parties will help further promote the company's operational development and enhance the level and quality of strategic collaboration

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