Guantao advised Tempus Global on its RMB330M acquisition of Xiyou-亚洲最大赌博网站

Guantao advised Tempus Global on its RMB330M acquisition of Xiyou

2018-06-20

HOME > Guantao News > Deals > Guantao advised Tempus Global on its RMB330M acquisition of Xiyou

Tempus Global Business Service Group Holding Ltd (referred to as “Tempus” hereinafter) issued an announcement on 5 June 2018, announcing an increase in investment in the tourism sector, spending RMB 330 million on the acquisition of 41.73% equity of Shenzhen Xiyou International Travel Co., Ltd. (below Abbreviated as "Xiyou"), as a result of this acquisition, Tempus directly holds 49.18% equity of Xiyou together with the 7.45% equity already held, and indirectly owns 29.81% equity through its subsidiary Tempus Tourism Group Co., Ltd. Tempus obtained the controlling power of Xiyou and included it in the scope of consolidation.

Guantao Shenzhen office acted as counsel to the acquirer. Guantao team members include Huang Yaping, Yin Ying, Luo Zengjin, Luo Mingyue and Yang Manqing.

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