Jiuhua Tourism issued 27.68 million shares at RMB12.08 per share at a price-earnings ratio of 20.47 bringing its total issued shares to 110.68 million.
The newly formed Didi-Kuaidi taxi app mega merger is racing to make a US IPO as early as June 2015 in order to catapult itself to a stage of high-speed growth.
The arrival of Fuzhou Airlines is a direct challenge to Xiamen Airline’s long-standing dominance in Fuzhou.
HKCTS president Muhan Xu said it is once again mulling the listing of a hotel spinoff to leverage its hotel asset value.
The capital injection will help Chang An Airlines lower its asset-liability ratio while bolstering its regional and operational competitiveness.
Jointwisdom formed by restructuring Ctrip subsidiary Brandwisdom and CSHIS, has been launched in Beijing.
Mafengwo has received funding to the tune of US$100 million from a number of investors including Expedia’s Rich Barton.
Foreign tourism boards are trying to capitalize on this opportunity as international travel is increasingly getting more accessible for Chinese households.
