Changjiang Investment (600119.SH) plans to acquire 51% of Hehe & Co., Ltd.'s shares for 22.185 million yuan

According to the Zhitong Finance App, Changjiang Investment (600119.SH) announced that the company plans to acquire 51% of the shares of Yangtze River Delta Development (Shanghai) Co., Ltd. (“Hehe Company”) held by Yangtze River Delta Investment (Shanghai) Co., Ltd. (“Yangtze River Delta Investment Company”), the indirect controlling shareholder of the company, with a transaction amount of 22.185 million yuan.

The company's acquisition and partnership aims to meet the comprehensive needs of Yangtze River Investment to integrate into the Yangtze River Delta Integrated Demonstration Zone, achieve business collaboration, and enhance resilience to risks. Hehe is deeply involved in the core area of the demonstration zone and is one of the core operators of the park. It has formed a natural upstream and downstream synergy with Yangtze River Delta Investment Company in terms of park development and industrial cultivation. Through this equity acquisition, Changjiang Investment can obtain a business platform in the Yangtze River Delta region, enter the park's core service circuit, transform strategic planning into physical business, and use Hehe's park operation capabilities and territorial service experience to meet the supporting service requirements of the park belonging to Yangtze River Delta Investment Company.