Mergers & Acquisitions ·
On August 20, 2026, Yimutian Inc. entered into definitive agreements to acquire two Chinese assets through share…
YMTYimutian Inc.
On August 20, 2026, Yimutian Inc. entered into definitive agreements to acquire two Chinese assets through share issuances totaling approximately US$27 million. First, it agreed to acquire 100% of Qingdao Xingongguan Holiday Hotel Co., Ltd., an entity owning commercial and office properties in Qingdao appraised at RMB116.2 million, for US$5.8 million payable via the issuance of roughly 9.96 billion Class A ordinary shares. Second, it agreed to acquire land, buildings, and equipment from Zhaodong Guohe Animal Husbandry Co., Ltd., located in Heilongjiang Province with an appraised value of RMB143.5 million, for US$21.2 million payable via the issuance of roughly 36.35 billion Class A ordinary shares. Both transactions involve a six-month asset cleanup period and are governed by PRC law. Yimutian Inc. operates in the technology sector, providing online travel agency services.