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Jin Jiang raises AccorHotels stake to 11.7%

03/03/2016| 1:16:42 PM| 中文

Chinese investor Jin Jiang International has raised its stake in AccorHotels to 11.7% and may seek board seat, France's AMF market regulator said on Monday.

Chinese investor Jin Jiang International has raised its stake in AccorHotels to 11.7%, France's AMF market regulator said on Monday.

Rubyrock and Gold Apple Capital, both controlled by Jin Jiang, now hold a combined 10.2 percent of voting rights in Accor and have not ruled out seeking board representation, the AMF said in a statement.

An AccorHotels spokeswoman said that the company had been notified of the stake increase by Jin Jiang and would examine any request for board seats.

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TAGS: AccorHotels | Jin Jiang International | France
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