New Silk Road Cultural Tourism Group (00472.HK) major shareholder, Xinhua Group International, sells approximately 28.50% of the company's equity to China National Agricultural Products.

date
05/11/2025
Financial News APP News, XinSiLu Culture and Tourism (00472.HK) announced that the Company's Board of Directors has received a notice from Xinhua International Development Limited (Xinhua International) (the Company's controlling shareholder) and Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd. (listed on the Shenzhen Stock Exchange, 000620.SZ) (Yingxin Development) and its subsidiary company, that on October 28, 2025, Xinhua International has entered into an agreement (sale and purchase agreement) to sell 914 million shares of the Company (shares) to China Agri-Industries Holdings Limited (China Agri) for a cash consideration of approximately HK$149 million (equivalent to HK$0.163 per share), representing approximately 28.50% of the Company's issued share capital. It is expected that the sale will be completed within 30 days from the date of the agreement.