SH-listed trading group Shanghai Lansheng Corporation is set to acquire Shanghai Donghao Lansheng Exhibition, a subsidiary of the state-owned Donghao Lansheng (Group) Co.,Ltd, for 1.46 billion yuan ($210 million), per a filing with Shanghai Stock Exchange (SSE).
The development comes in as Shanghai Lansheng plans to transform its foreign trade business into convention and exhibition. The company is gearing up to embark on new business areas such as exhibitions, communications, conferences, events, and advertisements.
