Ctrip Announces Signing of Definitive Agreement for Acquiring Additional Shares of Home Inns
07 Mai 2009 - 11:05PM
PR Newswire (US)
SHANGHAI, May 7 /PRNewswire-Asia/ -- Ctrip.com International, Ltd.
(NASDAQ:CTRP) (the "Company"), a leading travel service provider
for hotel accommodations, airline tickets and packaged tours in
China, announced today that it has entered into a definitive
purchase agreement (the "Agreement") to acquire additional
7,514,503 ordinary shares of Home Inns & Hotels Management Inc.
("Home Inns") through a private placement of $50 million in equity.
The purchase price per ordinary share is set at $6.6538 or $13.3076
per American Depository Share ("ADS"; each ADS equals two ordinary
shares), calculated as the average of the closing prices for Home
Inns' American depository shares on Nasdaq for each trading day
within the 30 calendar days preceding the Agreement date, i.e.,
within the 30 calendar days from and including April 7, 2009 up to
and including May 6, 2009. This transaction will increase the
company's ownership in Home Inns by 9.52% to a total of 18.25% of
its aggregate basic shares outstanding. Prior to the transaction,
the company held 3,443,131 ADS, representing 6,886,262 ordinary
shares of Home Inns. The transaction is expected to close on or
before May 21, 2009, subject to customary closing conditions. The
company will pay $20 million at closing and the remaining $30
million within 30 days of closing. About Ctrip.com International,
Ltd. Ctrip.com International, Ltd. is a leading travel service
provider of hotel accommodations, airline tickets and packaged
tours in China. Ctrip aggregates information on hotels and flights
and enables customers to make informed and cost-effective hotel and
flight bookings. Ctrip also sells packaged tours that include
transportation and accommodations, as well as guided tours in some
instances. Ctrip targets primarily business and leisure travelers
in China who do not travel in groups. These travelers form a
traditionally under-served yet fast-growing segment of the travel
industry in China. Since its inception in 1999, Ctrip has
experienced substantial growth and become one of the best-known
travel brands in China. For further information: Jade Wei Ctrip.com
International, Ltd. Tel: +86-21-3406-4880 x11543 Email: DATASOURCE:
Ctrip.com International, Ltd. CONTACT: Ctrip.com International,
Ltd., Jade Wei, +86-21-3406-4880 x11543,
Copyright
Ctrip Com (NASDAQ:CTRP)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Ctrip Com (NASDAQ:CTRP)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024
Real-Time news about Ctrip Com International Ltd (NASDAQ): 0 recent articles
Plus d'articles sur Ctrip.Com International, Ltd. ADS (MM)