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What are the three-tier subsidiaries of China Rongtong Tourism Development?
The third-level subsidiaries of China Rongtong Tourism Development are Jinan Junda Huiyuan Hotel Co., Ltd. and Chongqing Rongtong Honglou Hotel Co., Ltd.
Chongqing Rongtong Honglou Hotel Co., Ltd., established on 20 19, is a third-tier subsidiary of China Rongtong Asset Management Group. Jinan Junda Huiyuan Hotel Co., Ltd. belongs to China Rongtong Tourism Development Group Co., Ltd. and is a third-level subsidiary of China Rongtong Asset Management Group Co., Ltd.
Subsidiary refers to all or part of the shares invested by the parent company in international business.
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