Y.U.D.Yangtze River Investment Industry Co.,Ltd. (600119.SH) announced its intention to acquire a 51% stake in Hehe Company (officially named Yangtze River Delta Hehe Enterprise Development (Shanghai) Co., Ltd.) from its indirect controlling shareholder, Yangtze River Delta Investment (Shanghai) Co., Ltd., for 21.185 million yuan in cash.
The acquisition aims to support the company's integration into the Yangtze River Delta Integrated Demonstration Zone, enhance business synergy, and strengthen risk resilience. Hehe Company, a key player in the core area of the demonstration zone, specializes in industrial park operations and has established a natural upstream-downstream collaboration with Yangtze River Delta Investment in park development and industrial cultivation.
Through this transaction, Y.U.D.Yangtze River Investment Industry Co.,Ltd. will gain a strategic foothold in the Yangtze River Delta region, enter the core sector of park services, and transform its strategic plans into tangible operations. Leveraging Hehe Company's expertise in park management and local service experience, the company will also be positioned to meet the supporting service demands of Yangtze River Delta Investment's affiliated industrial parks.
Comments