Western Regions Tourism Development (SHE:300859) is investing 5 million yuan in establishing Xinjiang Meet Kashgar Digital Cultural Tourism, giving the company a 50% share in capital.
Xinjiang Meet Kashgar Digital Cultural Tourism has a registered capital of 10 million yuan, according to a Friday filing with the Shenzhen bourse.
Kashgar Project Employee Follow-up Investment Platform invested 1.5 million in cash for a 15% share and Xinjiang Yujian invested 3.5 million yuan for a 35% share.
Shares of the travel services provider closed 3% lower Friday.
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