Surviving A Shattered Dream: The Wanda Group

BenzingaApr 24 06:30 ET

Tongcheng Travel's New Acquisition Likely to Support Cash Flow -- Market Talk

WSJApr 24 04:49 ET

Hong Kong stock movement | TONGCHENGTRAVEL (00780) rose nearly 3%. Institutions claim that the company is further expanding its existing hotel management Business through acquisitions and entering the high-end market.

TONGCHENGTRAVEL (00780) rose nearly 3%. As of the time of writing, it has increased by 2.7% to HKD 20.9, with a trading volume of 78.8715 million HKD.

Zhitong FinanceApr 23 21:59 ET

Goldman Sachs: Gives TONGCHENGTRAVEL (00780) a "Buy" rating with a Target Price of 28.00 Hong Kong dollars.

Tiancheng acquired Wanda Hotel Management Company to expand its hotel franchising Business, expecting the performance to meet expectations by 2025.

Zhitong FinanceApr 22 22:14 ET

Lyon: TONGCHENGTRAVEL (00780) acquires the hotel management, operation, and design Business of WANDA HOTEL DEV (00169). Rating 'Outperform the market.'

The bank believes that Tongcheng can further expand its existing hotel management Business through acquisitions and enter the high-end market, covering hotel management and core online travel platform Business.

Zhitong FinanceApr 22 05:02 ET

Hong Kong stocks movement | WANDA HOTEL DEV (00169) surged over 27% during the session, planning to transfer the hotel Business for 2.5 billion, with the proceeds intended for dividends to all Shareholders.

WANDA HOTEL DEV (00169) rose more than 27% during trading, and as of the time of writing, it has increased by 11.83%, trading at 0.52 Hong Kong dollars, with a transaction volume of 16.9686 million Hong Kong dollars.

Zhitong FinanceApr 21 23:42 ET