Beijing Urban-Rural Commercial Co.,Ltd. cancelled the acquisition of remaining 49% stake in Beijing Urban-Rural Yanjing Trade Co., Ltd from Beijing Suburban Tourism Development Company.
January 19, 2018
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Beijing Urban-Rural Trade Centre Co., Ltd. (SHSE:600861) agreed to acquire remaining 49% stake in Beijing Urban-Rural Yanjing Trade Co., Ltd from Beijing Suburban Tourism Development Company for CNY 94.8 million on January 19, 2017. In related deals, Beijing Urban-Rural Trade Centre Co., Ltd. agreed to acquire 26.9% stake in Beijing Urban-Rural Tourism Car Rental Co., Ltd., 55% stake in Beijing Urban Trade Property Management Co., Ltd. and 100% stake in Beijing Xinhua International Tours Co., Ltd. from Beijing Suburban Tourism Development Company. As of September 30, 2016, Beijing Urban-Rural Yanjing Trade Co., Ltd reported total assets of CNY 71.6 million and net assets of CNY 67.3 million. The board of Directors of Beijing Urban-Rural Trade Centre Co., Ltd. approved the deal. This transaction needs to be approved by the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality and the shareholders of Beijing Urban-Rural Trade Centre Co., Ltd. The shareholders of Beijing Urban-Rural Trade Centre approved the transaction on February 6, 2017.
Beijing Urban-Rural Commercial (Group) Co.,Ltd. (SHSE:600861) cancelled the acquisition of remaining 49% stake in Beijing Urban-Rural Yanjing Trade Co., Ltd from Beijing Suburban Tourism Development Company on January 19, 2018.
FESCO Group Co Ltd, formerly Beijing Urban-Rural Commercial Group Co Ltd, is a China-based company mainly provides human resources services. The Company mainly provides client companies with one-stop, comprehensive human resources service solutions such as personnel management services, salary and welfare services, business outsourcing services, recruitment and flexible employment services. Its personnel management services mainly include basic personnel management services and labor dispatch services. Its salary and welfare services mainly include salary and tax management services, employee flexible welfare care services and health management services. Its recruitment and flexible employment services mainly include flexible employment services, recruitment services and recruitment process outsourcing services. Other services include human resources management consulting, legal consulting, background checks and others. The company mainly operates in the domestic market.
Beijing Urban-Rural Commercial Co.,Ltd. cancelled the acquisition of remaining 49% stake in Beijing Urban-Rural Yanjing Trade Co., Ltd from Beijing Suburban Tourism Development Company.
FESCO GROUP CO., LTD. 
