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Trip.com chairman acquires a minor stake in Tencent-invested OTA

01/20/2020| 3:20:57 PM| 中文

Mr. Liang acquired an aggregate of 1,099,600 ordinary shares with a nominal value of US$0.0005 each in the share capital of Tongcheng-Elong on market.

Tencent-invested online travel company Tongcheng-Elong was notified by Mr. James Liang, co-chairman of the company and executive chairman of the company's backer Trip.com Group, that Smart Charm Limited acquired 1,099,600 ordinary shares with a nominal value of US$0.0005 each in the share capital of the company on market, with an average price of HK$13.5731 per share.

This represents approximately 0.05% of the total issued share capital of the company as at the date of this announcement. Smart Charm is a company wholly-owned by the spouse of Mr. Liang.

Following the completion of the acquisitions, Mr. Liang will be deemed to be interested in 1,099,600 Shares, representing approximately 0.05% of the total issued share capital of the Company as at the date of this announcement.

TAGS: James Liang | Tongcheng-Elong | Trip.com Group | Tencent
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