SXN: SXN plans to acquire 100% equity of Shanghai Leyou Yutu International Travel Agency Co., Ltd. for 38 million yuan

Zhitong
2025.10.30 13:02

SXN announced that its wholly-owned subsidiary, Shanghai SXN Xiaoyao Cultural Tourism Co., Ltd., intends to acquire 100% equity of Shanghai Leyou Yutu International Travel Agency Co., Ltd. held by Shanghai Xianghong Cultural Tourism Development Group Co., Ltd. for a transaction price of RMB 38 million. The transaction price will be paid in two installments, with the first installment of RMB 35 million and the second installment of RMB 3 million. Shanghai Xianghong promises that the audited total operating revenue of Shanghai Leyou from 2025 to 2028 will not be less than RMB 480 million, and the audited total net profit will not be less than RMB 5 million. If the performance commitment is not met, compensation will be paid to the company proportionally

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