Jiangxi Changyun (600561.SH) plans to acquire 100% of Yongxiu Shunxiang's shares

According to the Zhitong Finance App, Jiangxi Changyun (600561.SH) announced that Jiangxi Jiujiang Coach Transport Group Co., Ltd. (“Jiujiang Long Distance Transport”), a wholly-owned subsidiary of the company, plans to acquire 100% of the shares of Jiangxi Yongxiu Shunxiang Public Transport Co., Ltd. (“Yongxiu Shunxiang”) held by the related party Jiangxi Nanchang Public Transport Group Co., Ltd. (“Nanchang Public Transport Group”) through an agreed transfer of 139.16,200 yuan.

According to reports, Jiujiang Changyun plans to acquire 100% of the shares of Jiangxi Yongxiu Shunxiang Public Transport Co., Ltd. held by Nanchang Public Transport Group to eliminate and avoid peer competition with other enterprises controlled by the company's indirect controlling shareholders in urban and rural passenger transport business. It is also conducive to promoting the integration of the company's urban and rural passenger line resources, further effectively exploiting the synergy and linkage effects of related businesses, and improving resource allocation efficiency. After the transaction is completed, Yongxiu Shunxiang will become a second-level subsidiary of the company and included in the scope of the company's consolidated statements.