Chinese Court Approves Completion of Nanjing Business & Tourism Unit's Liquidation

MT NewswiresJul 12 06:11 ET

Nanjing Business & Tourism Corp., Ltd. (600250.SH): The European Cup has a certain promotion effect on the company's outbound business in Europe.

Nanjing Business & Tourism Corp., Ltd. (600250.SH) stated on the investor interaction platform on June 17 that the European Cup has a certain promoting effect on our company's outbound business to Europe, but the growth is limited due to the impact of European visa appointments and flight schedules. The company actively lays out the outbound business in Jiangsu area, and strives to promote the scale and quality of outbound tourism business.

Gelonghui FinanceJun 17 03:33 ET

Nanjing Business & Tourism Corp., Ltd (600250.SH): Its subsidiaries Nanjing Nanfang and Jingwei Electrical are engaged in small amount of cross-border e-commerce business.

On June 12th, Gelunhui reported that nanjing business & tourism corp., ltd. (600250.SH) stated on an investor interaction platform that in March 2024, to promote the development of the company's digital economy and new forms of foreign trade, the company jointly invested with a professional digital supply chain service institution to establish nanjing business & tourism cross-border e-commerce technology co., LTD., engaging in cross-border e-commerce business, with a registered capital of RMB 10 million yuan and is currently in the incubation period. At the same time, subsidiaries Nanjing Nanfang and Jingwei Electric also engage in small-scale cross-border e-commerce business.

Gelonghui FinanceJun 12 04:36 ET

Nanjing Business & Tourism Corp.,Ltd. (600250.SH) plans to acquire 100% equity of Huangpu Hotel and 49% equity of Nan Shang Yun Ying from June 11th and resume trading.

On June 7th, Gloria Hotels and Resorts (600250.SH) announced that the company intends to acquire 100% equity of Huangpu Hotel held by the tourism group and 49% equity of Nanjing Commerce and Trade Integrated Development Co.,Ltd held by Nanjing Golden Eagle World Operation Management Co., Ltd by issuing shares and paying cash and to raise supporting funds. As of the signing day of this plan (summary), the audit and evaluation of the target company has not been completed, and the evaluation value of the target assets and the transaction price have not been determined yet. This transaction is a further layout of the company in the cultural tourism industry. After the completion of this transaction, the company's main business will not change. As a high-end hotel, Huangpu Hotel offers comprehensive lodging, dining, and conference services.

Gelonghui FinanceJun 7 07:18 ET

Nanjing Business Travel (600250.SH): Not considering investing in low-altitude economy and artificial intelligence

Gelonghui, May 29丨Nanjing Business Travel (600250.SH) said on the investor interactive platform that the company's controlling shareholder Travel Group's commitment period to promote the transformation of listed companies ends at the end of 2024 and is being implemented step by step within 5 years. Up to now, it can be effectively carried out according to the promised time points. The company will continue to monitor and promote the fulfillment of the controlling shareholders' subsequent commitments, sort out and standardize the integration of travel asset resources within the group, with the aim of improving the profitability and asset quality of listed companies. The company is currently not considering investing in low-altitude economy and artificial intelligence.

Gelonghui FinanceMay 29 05:47 ET

[BT Financial Report Momentary Analysis] In-depth Analysis of Nanjing Business Travel 2023 Report: Transformation and Upgrading Shows Results

Nanjing Business Travel (stock code: 600250), as a well-known domestic travel and trade service provider, showed strong development momentum in 2023 against the backdrop of weak global economic growth. By actively seizing market recovery opportunities, the company successfully changed its name to “Nanjing Business Travel” and achieved high-quality business growth driven by the “tourism+commerce” dual business strategy. In terms of assets and liabilities, the total assets of Nanjing Business Travel declined slightly from 1,701 billion yuan in 2022 to 1,675 billion yuan, reflecting the company's optimization of its asset structure. Total liabilities were reduced from $970 million to 8 million.

businesstimes cnMay 27 23:06 ET