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Nanjing Commercial & Travel has announced that its controlling shareholder, Nanjing Tourism Group, will spearhead the integration and restructuring efforts alongside Nanjing Cultural Investment Holding Group and Nanjing Sports Industry Group. The objective of this initiative is to establish a comprehensive platform for the development and operation of cultural, tourism, sports, and commercial ventures. Post-restructuring, Nanjing Tourism Group and the Nanjing State-owned Assets Supervision and Administration Commission will continue to serve as the controlling shareholder and actual controller, respectively, with no impact on the company's core business operations. Furthermore, aside from the planned acquisition of Nanjing Huangpu Grand Hotel, no additional arrangements have been made for the infusion of cultural, commercial, tourism, or sports assets into the company.
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