Understanding the Market | WANDA HOTEL DEV rises over 27% as the company completes the sale of its hotel services business and will distribute a special dividend next month
WANDA HOTEL DEV surged over 80% in early trading, and as of the time of writing, it has risen 27.54% to HKD 0.176, with a transaction volume of HKD 39.0061 million. In terms of news, WANDA HOTEL DEV recently announced that all prerequisites have been met, and on October 16, it completed the sale of all shares of Wanda Hotel Management (Hong Kong), which engages in hotel services in mainland China, to Tongcheng Travel. Considering the completion date of the sale, this special dividend will be distributed to shareholders listed on the company's shareholder register as of November 5 on November 19
According to Zhitong Finance APP, Wanda Hotel Development (00169) surged over 80% in early trading, and as of the time of writing, it has risen by 27.54%, trading at HKD 0.176, with a transaction volume of HKD 39.0061 million.
In terms of news, Wanda Hotel Development recently announced that all prerequisites have been met, and on October 16, it completed the sale of all equity in Wanda Hotel Management (Hong Kong), which engages in hotel services in mainland China, to Tongcheng Travel. After considering the completion date of the sale, this special dividend will be distributed on November 19 to shareholders listed on the company's shareholder register as of November 5
