October 31，Shanghai United Equity Exchange Announcement and Disclosure，Yunnan 188bet app download Hotel Management Co., Ltd. plans to transfer 100% equity of Yunnan Expo Garden Hotel Co., Ltd.，Reservation price 400 million yuan。

As of August 31, 2019，188bet app download Hotel operating income 5024.390,000 yuan，Operating profit 211.580,000 yuan，Net profit-66.210,000 yuan，Total assets 1.6.2 billion yuan，Total liabilities 3110.740,000 yuan，Owner’s Equity 1.3.1 billion yuan。

Announcement pointed out，The two subsidiaries in the long-term equity investment of 188bet app download Hotel are 188bet app download Property Service Co., Ltd. and Kunming Expo Convention Center Co., Ltd.，The two companies are in the process of equity transfer，Because the subject of this transfer does not include the proposed divestiture of the two subsidiaries。

Guandian Real Estate New Media learned，Yunnan Expo Garden Hotel Co., Ltd. was originally a wholly-owned subsidiary of Yunnan 188bet app download Co., Ltd.，After the evaluation base date of June 30，Transfer it to Yunnan 188bet app download Hotel Management。

Reason for transfer，Yunnan 188bet app download Co., Ltd. was called at that time，It is planned to use the Expo Garden Hotel held by Yunnan Expo Garden Hotel as the underlying property assets to establish a special hotel property REITs asset support plan，Carry out asset securitization financing work。

*thisSource: Guandian Real Estate Network,original labelTitle: "100% equity of 188bet app download Hotel is listed again with a reserve price of 400 million yuan》.