A strong route network, high brand value and an experienced management team as well as restructuring efforts by China’s No. 4 carrier, were among the reasons cited.
The group was once one of China’s most acquisitive companies but had the equivalent of roughly $76 billion in total short-term borrowings and long-term debt at the end of June 2019.
Chen’s exit from the important decision-making body with powers similar to the company’s board is a sign that he’s losing control of the group.
CEO said he has "very strong thoughts" about online gaming.
Quality services such as custom trips and outbound travel were among the most attractive targets for investors.
Ethan Lin, co-founder and CEO of Klook, said there is “no significant fluctuation in valuation”.
HNA Group owns more than 2,300 companies, and the risk disposal plans were "extremely complicated".
RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.
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