Home > Technology peripherals > It Industry > Tongcheng Travel acquires 100% equity of Tongcheng Travel (formerly Wanda Travel) to deepen its presence in the leisure and vacation market

Tongcheng Travel acquires 100% equity of Tongcheng Travel (formerly Wanda Travel) to deepen its presence in the leisure and vacation market

王林
Release: 2023-10-24 08:01:01
forward
632 people have browsed it

According to this site’s news on October 23, Tongcheng Travel announced that it has completed the signing of an agreement to acquire 100% equity of Tongcheng Travel (formerly Wanda Travel), at a cost of RMB 691,150,000.

同程旅行收购同程旅业(原万达旅业)100% 股权,深度布局休闲度假市场

同程旅行收购同程旅业(原万达旅业)100% 股权,深度布局休闲度假市场

This site noticed that this fund was based on the terms of the equity transfer agreement and conditions to be paid in 3 tranches:

First tranche: RMB 207,345,000, the earnest money has been paid (as of the date of this announcement, the investor has paid RMB 70,000,000 to the seller in accordance with the terms of the letter of intent) Yuan) will be used to pay the amount, and will be paid in cash within 10 days after the following conditions are met (or waived), including:

  • Continue to meet the prerequisites;

  • Relevant member companies of the Target Group have caused: the release of any pre-existing guarantees; and the release of relevant business licenses in accordance with applicable laws and regulations; and there are no pending disputes or potential disputes;

The second tranche: RMB 414,690,000, which must be paid in cash within five days after delivery;

The third tranche: RMB 69,115,000, Payment must be made in cash within fifteen days after the following conditions are met (or waived), including:

  • Continue to meet the prerequisites;

  • The seller and the target company have caused the relevant operating companies to complete relevant registration and/or filing with the tourism management department for changes in shareholders, legal representatives or business locations of their respective travel agency operations;

  • Seller and the target company has caused all relevant operating companies to be fully protected by travel agency liability insurance; Competitive commitments.

  • It is understood that Tongcheng Travel owns a number of leading regional travel agencies, mainly engaged in domestic tourism, outbound tourism and inbound tourism, covering Jiangsu, Zhejiang, Guangdong, Fujian, Jiangxi, Shandong, Anhui, Beijing, Hubei, Hunan and other core tourist source areas and destinations for leisure vacations.

    Tongcheng Travel has more than 500 offline stores nationwide, serving more than 10 million tourists in 2019
  • .

The relevant person in charge of Tongcheng Travel said: "The acquisition of Tongcheng Travel will further enhance Tongcheng Travel's supply chain and service capabilities, enhance the company's business layout in the leisure and vacation market. "

Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All rights reserved by this site Articles contain this statement.

The above is the detailed content of Tongcheng Travel acquires 100% equity of Tongcheng Travel (formerly Wanda Travel) to deepen its presence in the leisure and vacation market. For more information, please follow other related articles on the PHP Chinese website!

Related labels:
source:ithome.com
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template