Tongcheng Travel Holdings Limited ( (HK:0780) ) has provided an update.
Tongcheng Travel Holdings Limited announced the acquisition of 100% equity interest in a target company for approximately RMB2,497.3 million. This acquisition will allow Tongcheng to consolidate the financial results of the target group into its financial statements, enhancing its operational capabilities in hotel management and consultancy services. The transaction is considered a discloseable transaction under the Hong Kong Listing Rules, and its completion is subject to certain conditions.
More about Tongcheng Travel Holdings Limited
Tongcheng Travel Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the travel industry. The company focuses on providing travel-related services and products, including hotel operation and management services, hotel accommodation services, and hotel design and construction consultancy services.
YTD Price Performance: 23.08%
Average Trading Volume: 15,504,910
Technical Sentiment Signal: Sell
Current Market Cap: HK$50.57B
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