Tianfu Cultural Tourism acquires 34.3% stake in Bipenggou for 174 million yuan
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On October 14, 2026, Tianfu Cultural Tourism (000558.SZ) completed the acquisition of a 34.30% stake in Lixian Bipenggou Tourism Development Co., Ltd. for approximately 174 million yuan in cash, corresponding to an overall valuation of approximately 507 million yuan. The originally planned joint controlling acquisition of a 51% stake by Dajiulv was not approved by the higher-level competent department; Kwoon Chung Bus Group continues to hold controlling interest, and Tianfu Cultural Tourism shifted to a minority stake. The transaction does not include revenue related to Bipenggou scenic area tickets.
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- Pinchain TourismTianfu Cultural Tourism acquires 34.30% equity in Bipenggou for 174 million yuan; Dajiulv Holdings' acquisition not approved and exits
Tianfu Cultural Tourism (000558.SZ) completed the acquisition of a 34.30% equity stake in Lixian Bipenggou Tourism Development Co., Ltd. for approximately 174 million yuan in cash, corresponding to an overall valuation of approximately 507 million yuan. The originally planned joint controlling acquisition by Dajiulv of a 51% equity stake was not approved by the higher-level competent department; Kwoon Chung Bus Group continues to hold controlling interest, and Tianfu Cultural Tourism has shifted to a minority stake. The transaction does not include revenue related to Bipenggou Scenic Area tickets.
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