Core Viewpoint - Hong Kong China Travel (00308.HK) announced the acquisition of two companies related to the tourism and snow sports industry, which aligns with its strategic development in urban and leisure vacation products [1][2]. Group 1: Acquisition Details - The company’s wholly-owned subsidiary, China Travel Scenery, will acquire 100% equity of Jilin Songhua Lake International Resort Development Co., Ltd. for RMB 295 million, with the target company having bank loans of approximately RMB 755 million as of September 29, 2025 [1]. - The company will also acquire 100% equity of Beijing Wanbing Snow Sports Co., Ltd. from Vanke Hotel Management Co., Ltd. for RMB 5 million [1]. Group 2: Business Overview of Target Companies - Target Company A operates in the tourism sector, managing the Songhua Lake Ski Resort, hotels, and commercial streets, and is the main entity for Vanke's snow business [2]. - Target Company B focuses on snowfield management, teaching, and consulting services, managing nine well-known ski resorts and possessing strong integration capabilities in the skiing industry [2]. Group 3: Strategic Significance - The acquisitions are seen as a strategic move to seize historical opportunities and cultivate new growth areas, actively positioning the company in the ice and snow economy [2].

Group 1 - Hong Kong China Travel (00308) announced the acquisition of 100% equity in target company A for RMB 295 million and target company B for RMB 5 million, with cash payments required to sellers A and B respectively [1] - Target company A, Jilin Songhua Lake International Resort Development Co., Ltd., operates in the tourism sector, managing the Songhua Lake Ski Resort, hotels, and commercial streets, and is a key player in Vanke's ice and snow business [1][2] - Target company B, Beijing Wanbingxue Sports Co., Ltd., focuses on snowfield management, teaching, and consulting, managing nine well-known ski resorts and possessing strong integration capabilities in the skiing industry [2] Group 2 - The acquisition aligns with the company's strategy to develop urban and leisure vacation products, seizing historical opportunities and fostering new growth areas in the ice and snow economy [2]

Core Viewpoint - Hong Kong China Travel (00308) announced the acquisition of 100% equity in two target companies, aiming to enhance its presence in the tourism and snow sports industry through strategic investments [1][2] Group 1: Acquisition Details - The company agreed to acquire 100% equity of Target Company A for RMB 295 million, which has bank borrowings of approximately RMB 755 million as of September 29, 2025 [1] - The company also agreed to acquire 100% equity of Target Company B for RMB 5 million, with both transactions requiring cash payments [1] - Upon completion, both target companies will become wholly-owned subsidiaries, and their financial performance will be consolidated into the group's financial statements [1] Group 2: Target Companies Overview - Target Company A, Jilin Songhua Lake International Resort Development Co., Ltd., operates the Songhua Lake Ski Resort, hotels, and commercial streets, focusing on the tourism sector [2] - Target Company B, Beijing Wanbingxue Sports Co., Ltd., specializes in snowfield management, teaching, and consulting, managing nine well-known ski resorts and possessing strong integration capabilities in the skiing industry [2] - The acquisitions align with the company's strategy to develop urban and leisure vacation products, seizing historical opportunities to cultivate new growth areas in the ice and snow economy [2]