Tongcheng Travel Holdings Ltd

00780: XHKG (HKG)

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Tongcheng: Acquiring Wanda Hotel Development's Management Services Unit For CNY 2.5 Billion

Kai Wang

Apr 22, 2025

Tongcheng is acquiring 100% of Wanda Hotel Development's hotel management arm, which includes the operation and management service business and the design and construction management business for CNY 2.5 billion, inking the all-cash deal on April 17, 2025, during after-market hours.

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Tongcheng Travel Holdings Ltd

Tongcheng: Acquiring Wanda Hotel Development's Management Services Unit For CNY 2.5 Billion

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