Search results for “stake”
Podinn Hotel gets New Third Board listing
10/19/2016|5:16:15 PM|
Budget hotel operator Podinn Hotel was listed on New Third Board on October 17. It registered RMB 1.98 million net loss in 2015 and RMB 12.18 million net income in 2014.
Tongcheng plans to acquire Wanda Tourism
10/10/2016|5:43:49 PM|
Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.
LN Holdings to splash out RMB 3.4 billion in hotel tourism investment
08/26/2016|2:53:03 PM|
LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.
HKCTS vows to avoid horizontal competition with CITS
10/02/2016|11:15:44 AM|
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
Deals Roundup: Travel finance has a long way to go
09/24/2016|9:26:13 AM|
A look at potential development of travel finance for consumers and suppliers, and a roundup of financing deals in travel industry:
Ctrip signs exclusive deals with over 1,000 hotels
09/19/2016|6:47:29 PM|
Ctrip announced that it has sealed exclusive distribution agreements with more than a thousand domestic hotels, further strengthening its control on China’s hotel supply.
Travel industry posts huge gains in top 100 Chinese brands valuation
09/18/2016|10:36:12 AM|
Study shows Air China ranks 19 in brand value, a YoY increase of 26%; Home Inn 74,a YoY increase of 3% and Ctrip 44, a YoY increase of 40%.
Octopus receives RMB 170 million in B round backed by Tempus Global
08/25/2016|10:46:42 AM|
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
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