Fullshare Holdings Ltd
Fullshare has entered into a MOU with Yiwu Government, Zhejiang Tourism Fund and Shanghai Joyu to invest in Healthy Tourism Projects in the PRC
Fullshare has entered into a MOU with Yiwu Government, Zhejiang Tourism Fund and Shanghai Joyu to invest in Healthy Tourism Projects in the PRC The Fund shall have a term of not less than 5 years with a size of RMB10 billion. It is intended that 50% of the Fund will be invested in healthy tourism projects in Yiwu City (義烏市) over the next 5 years. Strategic partners of the Fund shall utilize their respective resources, business expertise and professional team to support the Fund’s operation of healthy tourism projects in the PRC. Fund’s Strategic Partners Shanghai Joyu is engaged in the tourism and vacation business and is a one-stop O2O service provider in the PRC tourism business. Its “Lvmama” travel website (驢媽媽旅遊網) is a well-known online travel agency in the PRC. Mr. Ji Changqun, Executive Director, Chairman and CEO of Fullshare Holdings Limited commented, “With beautiful sceneries, long history and rich culture, Yiwu City has long been a popular destination attracting an endless number of travelers. Yiwu is a city located in Zhejiang, one of the most affluent provinces in the PRC, and is an ideal location to develop cultural and healthy tourism businesses targeting the growing middle-class and high-end consumers in the PRC. The Fund brings together the state-owned background and local experience of the Zhejiang Tourism Group, the ample customer resources and channeling capability of Shanghai Joyu, and the solid operating and management experience in the healthy lifestyle industries of Fullshare. This strategic cooperation will provide us with access to quality healthy tourism projects and investment opportunities. By collaborating with our strategic partners, we will be able to share resources, build a bigger network and generate synergies to create higher returns for our shareholders and co-operative partners.” - End - About Fullshare Holdings Limited Document: http://n.eqs.com/c/fncls.ssp?u=KMOJCHWVAO Document title: MOU on 13 April_E
13/04/2018 Dissemination of a Financial Press Release, transmitted by EQS Group. |