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WANDA HOTEL DEV: Annual Report 2024
Surviving A Shattered Dream: The Wanda Group
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.
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.
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.
Hong Kong Stock Market Morning Report | The Nasdaq Golden Dragon Index rose slightly at the end of the trading session. China United Network Communications' net profit in the first quarter increased by nearly 6% year-on-year.
① The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Implementing the Global Strategy of Free Trade Pilot Zones." ② The State-owned Assets Supervision and Administration Commission of the State Council: Promote central enterprises to strengthen capital coordination to ensure timely payments. ③ The central bank: Enhance the functions of the Renminbi Cross-Border Payment System (CIPS) and its global network coverage. ④ Shanghai carries out the 2025 New Generation General AI Innovation Task to lead key projects, including five directions such as embodied intelligence.
