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Search results for “restructuring plan”
Tongcheng Tourism plans demerger and separate IPOs
06/20/2016
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10:20:43 AM
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Tongcheng plans to split its business into two separate entities: a travel agency selling leisure tours and attractions and a network grouping the company’s profitable standardized products in air, accommodation and railway.
UTour subsidiary Uevent plans New Third Board listing
05/04/2016
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8:48:36 PM
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Beijing Uevent Public Relations Planning Co., Ltd. (Uevent), a subsidiary of Chinese outbound travel and MICE services operator UTour, has restructured as a limited liability company and is planning to apply for a listing on the New Third Board.
HNA-Caissa’s net income leaps 129.72% in 2015
03/08/2016
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6:30:42 AM
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HNA-Caissa recorded annual revenue of RMB 4.935 billion in 2015, with travel service accounting for RMB 4.259 billion. Net income applicable to common shareholders was RMB 206 million, up by 129.72% YoY.
CAR Inc. net profit soars by 220% thanks to hired and rental services
03/11/2016
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10:17:23 PM
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Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.
CITS and HKCTS to merge into largest state-owned travel enterprise
02/26/2016
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11:28:23 PM
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The CITS Group Corporation and the HKCTS Group Corporation are planning a possible consolidation. The plan, yet to be finalized, will have to be approved by the authorities.
UCAR completes restructuring and may go public this year
02/18/2016
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8:41:58 AM
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UCAR has completed its restructuring and is considering a listing on either the New Third Board or the Strategic Emerging Board, the former preferred. The company is not planning a C-round funding before listing.
UTour might acquire Huayuan for in-depth cooperation with Ctrip
01/27/2016
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5:58:51 PM
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UTour might take full control of Huayuan and carry out in-depth cooperation with Ctrip on vacation tours. This might be the largest merger ever in the vacation tourism sector of China.
EQT to create new European tourism group with Kuoni takeover
02/12/2016
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12:54:05 AM
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Swedish private equity firm EQT aims to create a new European tourism group with the agreed takeover of Kuoni and possible purchase of TUI's Hotelbeds unit.
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