188bet app download Co., Ltd. issued an announcement，The company’s acquisition of the entire share capital of Wanda Hotel Management (Hong Kong) Co., Ltd. was completed on December 31, 2018。

As understood，The proposed acquisition was completed on December 31, 2018，After completion，Wanda Hotel Management becomes a wholly-owned subsidiary of 188bet app download，Therefore，The financial information of Wanda Hotel Management will be consolidated in the group’s consolidated financial statements。

Previously，September 26, 2017，188bet app download has entered into an agreement with Wanda Hong Kong (a wholly-owned subsidiary of Dalian Wanda Commercial, the company’s controlling shareholder)，Wanda Hotel has conditionally agreed to acquire the shares for sale，Equivalent to the entire issued share capital of Wanda Hotel Management，Acquisition consideration 8.HKD 7.8 billion。

As understood，The fair market value of the selling companies as of June 30, 20178.HK.4 billion，If the fair market value of the selling companies in the final valuation report to be issued by the independent valuer is less than 8.HKD 7.8 billion，The acquisition consideration will be reduced to an amount equivalent to the lower fair market value of the selling companies in the final valuation report。

In addition，The announcement clearly stated，188bet app download Wine Management will continue to manage these hotels until the expiration of the existing contract，After the future contract expires，R&F and Sunac also gave 188bet app download Wine Management the priority to renew the contract。Disclosed according to announcement，Most of 188bet app download Wine Management’s current hotel management contracts have remaining terms of more than 15 years，Provides guarantee for sustained and stable profit growth。

*Source of this article: Guandian Real Estate Network, originalTitle:《188bet app download completed the acquisition of all shares of Wanda Liquor Management, involving 8 investments.HKD 7.8 billion》.