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Beijing Utour travel service to buy travel agency HuaYuan

03/01/2016| 6:02:45 PM| 中文

Utour is to fully acquire HuaYuan for RMB 2.6 billion.

Feb 29 Beijing Utour International Travel Service Co Ltd

* Says plans to acquire travel agency HuaYuan for 2.6 billion yuan ($396.83 million) via cash, share issue

* Says aims to raise up to 2.6 billion yuan in private placement of shares to fund acquisition, projects and replenish capital

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Further report also on ChinaTravelNews.

TAGS: UTour | Huayuan | M&A
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