Traditional Culture Encyclopedia - Hotel accommodation - How did CITIC Group take over Kunming Jialize?

How did CITIC Group take over Kunming Jialize?

Why CITIC Group took over Kunming Jialize. In this transfer, Zhongshengfang Group intends to transfer 41% equity and Yunnan Xinyi intends to transfer 39%, and the project name is changed to CITIC Xingyao Water Town. Citic Xingyao Water Village is located in Yanglin Town, Songming County, a suburb of Kunming. It is a large-scale tourism real estate project around the main city of Kunming, with a total area of about 7,5 mu and a total planned area of over 1.15 million square meters. The project formats include theme boutique hotels, golf clubs, office buildings, characteristic commercial streets, conference centers for thousands of people, fishing clubs, equestrian clubs, comprehensive sports halls and so on.