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Yimutian to buy PRC property assets in share deals valued at USD 27 million

PUBT·08/26/2026 20:02:58
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Yimutian to buy PRC property assets in share deals valued at USD 27 million
  • Yimutian entered deals on Aug. 20, 2026 to take control of Qingdao Xingongguan Holiday Hotel via VIE arrangements.
  • Transaction values Qingdao Xingongguan at USD 5.8 million, paid in 9,963,353,184 Class A shares issued to the sellers.
  • Qingdao Xingongguan owns commercial and office properties in Qingdao with an appraised value of about RMB 116.2 million.
  • A separate agreement targets land and property assets in Heilongjiang valued at RMB 143.5 million, priced at USD 21.16 million.
  • Consideration for the Heilongjiang assets is 36,351,449,375 Class A shares, using an implied USD 0.22 per ADS pricing basis.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yimutian Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-093942), on August 26, 2026, and is solely responsible for the information contained therein.