Brief: Wanda Hotel Development Co updates on proposed acquisition stake in Wanda Hotel Management

Wanda Hotel Development

26/09/2017 11:13

Sept 26 (Reuters) - Wanda Hotel Development Co Ltd  0169.HK  
    * major and connected transaction in relation to the 
proposed acquisition of the entire equity interest in Wanda 
Hotel Management 
    * Entered into sale and purchase agreement with Wanda HK in 
respect of proposed acquisition of entire equity interest in 
wanda hotel management 
    * As at sept 26, Wanda overseas is interested in 3.06 
billion shares representing about 65.04% of issued share capital 
of co 
    * Acquisition consideration payable for sale share is HK$878 
million 
 
Source text for Eikon:  ID:nHKS1NMKbc  
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