Chengdu New Tianfu Culture Tourism Development (SHE:000558) related party Culture & Tourism Property was awarded a comprehensive management service outsourcing contract for the Xiling Snow Mountain Scenic Area.
The three-year contract, with an annual budget of about 17.7 million yuan, covers property management and comprehensive support services for the resort, according to a Tuesday filing with the Shenzhen bourse.
Shares of the tourism company closed 4% lower Tuesday.
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