Yimutian to buy PRC property assets in share deals valued at USD 27 million
YMT•Yimutian enters agreements for Qingdao hotel and Heilongjiang assets
Yimutian entered deals on Aug. 20, 2026 to take control of Qingdao Xingongguan Holiday Hotel via VIE arrangements.
The transaction values Qingdao Xingongguan at USD 5.8 million, paid in 9,963,353,184 Class A shares issued to the sellers. Qingdao Xingongguan owns commercial and office properties in Qingdao with an appraised value of about RMB 116.2 million.
A separate agreement targets land and property assets in Heilongjiang valued at RMB 143.5 million, priced at USD 21.16 million. Consideration for the Heilongjiang assets is 36,351,449,375 Class A shares, using an implied USD 0.22 per ADS pricing basis.
