The Online Investor
Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Mon., Aug. 8, 12:24 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #36. China Lodging Group, Limited Quanjude

Acquirer: China Lodging Group, Limited (NASDAQ:HTHT)
Acquiree: Quanjude
Details: China Lodging Group, Limited (Nasdaq:HTHT) ("China Lodging Group" or the "Company"), a leading and fast-growing multi-brand hotel group in China, today announced that the Company, through one of its subsidiaries, entered into a purchase agreement ("Agreement") to acquire ordinary shares of China Quanjude (Group) Co., Ltd. ("Quanjude", SHE:002186) through a private placement of RMB100 million (approximately US$16.3 million), effective upon meeting certain closing conditions. The purchase price is set at RMB14.03 per ordinary share, calculated as not less than 90% of the average of daily trading price for Quanjude's ordinary shares on Shenzhen Stock Exchange within 20 trading days preceding the Agreement date. The transaction is expected to close within the next six months. The placement will be of a total size of RMB350 million, with the remaining purchased by IDG Capital Management (HK) Limited. Post the transaction, China Lodging Group and IDG Capital will hold 2.3% and 5.8% of Quanjude, respectively.

H World Group is a holding company. Through its subsidiaries, Co. is a multi-brand hotel group in China with international operations. Co.'s hotels are operated under three models: leased and owned, franchised, and franchised hotels that it operates under management contracts, which it refers to as manachised. Co. has hotels in operation or under development under the following brands: Economy hotel brands including HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels and Ibis Hotel; Midscale hotel brands including JI Hotel and Orange Hotel; Upper midscale hotel brands including Crystal Orange Hotel and IntercityHotel; and Upscale hotel brands including Joya Hotel and Blossom House.

Open the HTHT Page at The Online Investor »

Company Name: 
H World Group Ltd
Stock buyback: 
HTHT buyback
Website: 
www.huazhu.com
Sector: 
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding HTHT: 
20
Total Market Value Held by ETFs: 
$232.00M
Total Market Capitalization: 
$1.43B
% of Market Cap. Held by ETFs: 
16.21%
 

Open the HTHT Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree HTHT Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Strong Buy (3.92 out of 4)
67th percentile
(ranked higher than approx. 67% of all stocks covered)

Analysts' Target Price:
HTHT Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Travel & Entertainment M&A - Slide 36 of 87 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.