CYTS Plans to Transfer 51% Stake in Shanshui Hotel for 121 Million Yuan

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CYTS announced plans to publicly list and transfer its 51% equity stake in CYTS Shanshui Hotel Group and the corresponding creditor's rights through the Beijing Equity Exchange, with a reserve price of 121 million yuan. The transfer has been approved by the company's extraordinary general meeting, with the information disclosure period running from August 7 to September 4, 2026, and the final transaction price subject to the actual deal. In the first quarter of 2026, CYTS achieved revenue of 2.359 billion yuan, with a net loss attributable to the parent company of 36.9 million yuan.

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中青旅山水酒店集团股份有限公司i
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Company's majority stake is being transferred, signaling ownership change and potential strategic shift.