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Express News | If the funds from Wang Jianlin's sale of the hotel management business are approved, they can be used to distribute dividends to all Shareholders.
Wang Jianlin continues to "downsize": 2.5 billion transfer of hotel management Business to Tongcheng. Last year, 26 Wanda Plazas were sold.
① WANDA HOTEL DEV announced the sale of 100% equity of WANDA HOTEL MANAGEMENT (HONG KONG) LIMITED for 2.5 billion yuan, with TONGCHENGTRAVEL as the buyer. ② WANDA HOTEL is one of the core Assets of Dalian Wanda Commercial Group. As of December 31, 2024, WANDA HOTEL MANAGEMENT (HONG KONG) LIMITED manages a total of 204 hotels, with another 376 hotels signed for management and in development that have not yet opened.
WANDA HOTEL DEV (00169) plans to sell all its shares in WANDA HOTEL MANAGEMENT (Hong Kong).
WANDA HOTEL DEV (00169) announced that on April 17, 2025, the company intends to sell to a buyer (eLon...
Express News | TONGCHENGTRAVEL acquires the light asset company WANDA HOTEL MANAGEMENT.
Hong Kong stocks Concept tracking | The travel enthusiasm during the Qingming Festival holiday is high! With the peak travel season approaching, Institutions recommend paying attention to investment opportunities in the travel chain (including Concept sto
Huaxi Securities stated that the peak travel season is approaching, and attention should be paid to investment opportunities in the travel chain.
WANDA HOTEL DEV (00169.HK) turned from profit to loss in the 2024 fiscal year, reporting a loss of 0.591 billion Hong Kong dollars.
Gelonghui March 28丨WANDA HOTEL DEV (00169.HK) announced its annual performance. For the year ending December 31, 2024, the company's revenue was 0.991 billion HKD, up 0.85% year-on-year; the loss attributable to shareholders of the parent company was 0.591 billion HKD, while the profit for the same period in 2023 was 0.165 billion HKD, resulting in a basic loss per share of 12.6 HK cents. The group will expand its hotel network managed by the group from 157 hotels and 33,900 rooms as of December 31, 2023, to 204 hotels and over 40,200 rooms as of December 31, 2024.