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Classified as a “very substantial disposal” under HKEX rules.
Wanda Hotel Development Company Limited has entered into a sale and purchase agreement with eLong, Inc. to sell its entire interest in Wanda Hotel Management (HK) Co., Ltd. for approximately $2,696.7m (around RMB2,497.3m), subject to adjustments.
Once the transaction is completed, the company will no longer hold any interest in the Wanda Hotel Management…
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