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Jinjiang Hotel sells approximately 67 million yuan of pre-increased revenue of Jinjiang Star in Xi'an and Zhengzhou Jinjiang Star. Jinjiang Hotel
| Time: January 9, 2020 08:42:40 China Finance |
announced that the hotel investment company, a wholly-owned subsidiary of Jinjiang Hotel
, will publicly transfer 100% equity of Xi'an Jinjiang Star on December 2, 2019. 100% equity of Zhengzhou Jinjiang Inn. On January 8, 2020, the hotel investment company and the related party Guangshao Company respectively signed the "Shanghai Property Rights Transaction Contract" on the equity transfer of Xi'an Jinjiang Star and Zhengzhou Jinjiang Star. The transaction price of this transaction is determined on the basis of the recorded evaluation value on December 31, 2018 as the evaluation base date, which are RMB 75,193,051.99 and 60,168,475.98 respectively. The transaction is expected to generate a pre-tax income of approximately 67 million yuan. After the completion of the transaction, the hotel investment company no longer holds the equity of Xi'an Jinjiang Star and Zhengzhou Jinjiang Star.