NUR HOLDINGS plans to acquire a portion of the equity in Shenzhen Wanmei Street Cultural Tourism
NUR HOLDINGS plans to acquire no more than 25% of the equity of Shenzhen Wanmei Street Cultural Tourism Co., Ltd. through its wholly-owned subsidiary, with a maximum cost of HKD 42 million. The target company mainly operates themed blocks and parks in the fields of culture, sports, and tourism, meeting the market demand for cultural entertainment and youthful socialization. The board believes that the consumer market, especially the consumer entertainment market targeting young people and families, will become a robust business segment, helping the group diversify its operations
According to the announcement from NUR HOLDINGS (00254), on October 27, 2025, the company's indirect wholly-owned subsidiary, Shenzhen Century Chuanglian Resource Technology Service Co., Ltd. (Century Chuanglian), entered into a non-binding memorandum of understanding with Mr. Han Zhi. According to the memorandum, the group intends to acquire up to 25% equity in Shenzhen Wanmei Street Cultural Tourism Co., Ltd. (target company) from Mr. Han Zhi through Century Chuanglian, with a maximum consideration of HKD 42 million, which will be funded by the group's internal resources.
The target company mainly engages in the operation of themed blocks and parks in the fields of culture, sports, tourism, leisure, and entertainment. Currently, Mr. Han Zhi and Ms. Fan Xiaoling hold 70% and 30% equity, respectively. The target company has established a three-story comprehensive amusement park in Futian District, Shenzhen, covering an area of 7,300 square meters, equipped with various sports and entertainment facilities, including but not limited to an indoor ice skating rink, bowling alley, electronic gaming facilities, and cultural and recreational facilities.
In the current environment of consumer economic recovery, the target company's main business caters to market consumers' demands for cultural entertainment, service consumption, and youthful socialization. At the same time, the target company can integrate upstream and downstream manufacturers and service providers to create a comprehensive entertainment social play complex, achieving good market recognition and industry visibility. The board believes that in the context of slowing economic growth, the consumer market, especially the entertainment market targeting young people and families, will be a relatively stable business segment, allowing the group to diversify its operations
